Loan Comparison: 4.48% vs 6.5%
21403 Kenyon, Aurora, CO 80013 · 4bd/4ba · $685,000
List Price
$685,000
Assumable Rate
4.48%
Remaining Balance
$411,623
Equity Gap
$273,377
Loan Type
VAAdjust Your Scenario
$34,250
$34,250$273,377
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 5.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 4.48% + gap loan
$3,919/moAssumed loan: $2,081/mo
Gap financing: $1,839/mo
$194less per month with the assumable
Your Savings on This Property
21403 Kenyon, Aurora · 4.48% VA vs 6.5% conventional
$194
per month
$2,325
per year
$69,753
over 30 years
$69,753
interest saved
How gap financing works: The equity gap ($273,377) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,250, 5% of purchase price) and a second mortgage for the rest ($239,127 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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