Loan Comparison: 2.25% vs 6.5%
23545 Platte, Aurora, CO 80016 · 2bd/1ba · $325,000
List Price
$325,000
Assumable Rate
2.25%
Remaining Balance
$268,496
Equity Gap
$325,000
Loan Type
VAAdjust Your Scenario
$16,250
$16,250$325,000
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.25% (VA)
Blended Rate: 5.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 2.25% + gap loan
$3,400/moAssumed loan: $1,026/mo
Gap financing: $2,374/mo
Your Savings on This Property
23545 Platte, Aurora · 2.25% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($325,000) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($308,750 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.
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