Loan Comparison: 2.98% vs 6.5%
4144 Liverpool, Aurora, CO 80013 · 4bd/3ba · $639,000
List Price
$639,000
Assumable Rate
2.98%
Remaining Balance
$487,613
Equity Gap
$147,089
Loan Type
VAAdjust Your Scenario
$31,950
$31,950$147,089
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 4.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,837/moAssumable @ 2.98% + gap loan
$2,936/moAssumed loan: $2,051/mo
Gap financing: $885/mo
$901less per month with the assumable
Your Savings on This Property
4144 Liverpool, Aurora · 2.98% VA vs 6.5% conventional
$901
per month
$10,813
per year
$324,399
over 30 years
$320,101
interest saved
How gap financing works: The equity gap ($147,089) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,950, 5% of purchase price) and a second mortgage for the rest ($115,139 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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