Loan Comparison: 3.18% vs 6.5%
8105 Vandriver, Aurora, CO 80016 · 4bd/4ba · $965,000
List Price
$965,000
Assumable Rate
3.18%
Remaining Balance
$594,748
Equity Gap
$371,572
Loan Type
VAAdjust Your Scenario
$48,250
$48,250$371,572
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 5.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,794/moAssumable @ 3.18% + gap loan
$5,052/moAssumed loan: $2,566/mo
Gap financing: $2,486/mo
$743less per month with the assumable
Your Savings on This Property
8105 Vandriver, Aurora · 3.18% VA vs 6.5% conventional
$743
per month
$8,914
per year
$267,419
over 30 years
$268,739
interest saved
How gap financing works: The equity gap ($371,572) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,250, 5% of purchase price) and a second mortgage for the rest ($323,322 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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