Loan Comparison: 3.07% vs 6.5%
6096 Nepal, Aurora, CO 80019 · 4bd/4ba · $560,000
List Price
$560,000
Assumable Rate
3.07%
Remaining Balance
$514,215
Equity Gap
$80,512
Loan Type
VAAdjust Your Scenario
$28,000
$28,000$80,512
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,363/moAssumable @ 3.07% + gap loan
$2,591/moAssumed loan: $2,187/mo
Gap financing: $404/mo
$771less per month with the assumable
Your Savings on This Property
6096 Nepal, Aurora · 3.07% VA vs 6.5% conventional
$771
per month
$9,257
per year
$277,710
over 30 years
$312,437
interest saved
How gap financing works: The equity gap ($80,512) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,000, 5% of purchase price) and a second mortgage for the rest ($52,512 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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