Loan Comparison: 3.62% vs 6.5%
17988 Bethany, Aurora, CO 80013 · 3bd/2ba · $429,900
List Price
$429,900
Assumable Rate
3.62%
Remaining Balance
$295,120
Equity Gap
$134,780
Loan Type
VAAdjust Your Scenario
$21,495
$21,495$134,780
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 4.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,581/moAssumable @ 3.62% + gap loan
$2,216/moAssumed loan: $1,345/mo
Gap financing: $871/mo
$365less per month with the assumable
Your Savings on This Property
17988 Bethany, Aurora · 3.62% VA vs 6.5% conventional
$365
per month
$4,383
per year
$131,496
over 30 years
$131,496
interest saved
How gap financing works: The equity gap ($134,780) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,495, 5% of purchase price) and a second mortgage for the rest ($113,285 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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