Loan Comparison: 4.5% vs 6.5%
27994 Indore, Aurora, CO 80016 · 4bd/4ba · $875,000
List Price
$875,000
Assumable Rate
4.5%
Remaining Balance
$667,120
Equity Gap
$207,880
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$207,880
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.5% (VA)
Blended Rate: 5.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 4.5% + gap loan
$4,642/moAssumed loan: $3,380/mo
Gap financing: $1,262/mo
$612less per month with the assumable
Your Savings on This Property
27994 Indore, Aurora · 4.5% VA vs 6.5% conventional
$612
per month
$7,342
per year
$220,266
over 30 years
$220,266
interest saved
How gap financing works: The equity gap ($207,880) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($164,130 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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