Loan Comparison: 2.22% vs 6.5%
7634 Duquesne, Aurora, CO 80016 · 4bd/5ba · $990,000
List Price
$990,000
Assumable Rate
2.22%
Remaining Balance
$268,964
Equity Gap
$721,704
Loan Type
VAAdjust Your Scenario
$49,500
$49,500$721,704
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.22% (VA)
Blended Rate: 6.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,945/moAssumable @ 2.22% + gap loan
$6,193/moAssumed loan: $1,024/mo
Gap financing: $5,169/mo
Your Savings on This Property
7634 Duquesne, Aurora · 2.22% 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 ($721,704) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,500, 5% of purchase price) and a second mortgage for the rest ($672,204 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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