Loan Comparison: 3.07% vs 6.5%
6096 Nepal, Aurora, CO 80019 · 4bd/4ba · $550,000
List Price
$550,000
Assumable Rate
3.07%
Remaining Balance
$479,487
Equity Gap
$70,512
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$70,512
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.07% + gap loan
$2,370/moAssumed loan: $2,040/mo
Gap financing: $331/mo
$932less per month with the assumable
Your Savings on This Property
6096 Nepal, Aurora · 3.07% VA vs 6.5% conventional
$932
per month
$11,186
per year
$335,573
over 30 years
$335,572
interest saved
How gap financing works: The equity gap ($70,512) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($43,012 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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