Loan Comparison: 3.31% vs 6.5%
25690 Hoover, Aurora, CO 80016 · 5bd/5ba · $889,000
List Price
$889,000
Assumable Rate
3.31%
Remaining Balance
$438,345
Equity Gap
$576,327
Loan Type
VAAdjust Your Scenario
$44,450
$44,450$576,327
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 6.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,338/moAssumable @ 3.31% + gap loan
$6,012/moAssumed loan: $1,922/mo
Gap financing: $4,090/mo
Your Savings on This Property
25690 Hoover, Aurora · 3.31% 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 ($576,327) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,450, 5% of purchase price) and a second mortgage for the rest ($531,877 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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