Loan Comparison: 3.02% vs 6.5%
2682 Quintero, Aurora, CO 80013 · 4bd/3ba · $520,000
List Price
$520,000
Assumable Rate
3.02%
Remaining Balance
$358,793
Equity Gap
$161,207
Loan Type
VAAdjust Your Scenario
$26,000
$26,000$161,207
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.02% + gap loan
$2,556/moAssumed loan: $1,517/mo
Gap financing: $1,040/mo
$566less per month with the assumable
Your Savings on This Property
2682 Quintero, Aurora · 3.02% VA vs 6.5% conventional
$566
per month
$6,795
per year
$203,844
over 30 years
$203,844
interest saved
How gap financing works: The equity gap ($161,207) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($135,207 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 2682 Quintero.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.