Loan Comparison: 2.98% vs 6.5%

4144 Liverpool, Aurora, CO 80013 · 4bd/3ba · $675,000

List Price
$675,000
Assumable Rate
2.98%
Remaining Balance
$491,910
Equity Gap
$183,089
Loan Type
VA

Adjust Your Scenario

$33,750
$33,750$183,089
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 4.27%

Monthly Payment Comparison

New Conventional @ 6.5%
$4,053/mo
Assumable @ 2.98% + gap loan
$3,217/mo
Assumed loan: $2,069/mo
Gap financing: $1,148/mo
$836less per month with the assumable

Your Savings on This Property

4144 Liverpool, Aurora · 2.98% VA vs 6.5% conventional

$836
per month
$10,035
per year
$301,046
over 30 years
$301,045
interest saved
How gap financing works: The equity gap ($183,089) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($149,339 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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