Loan Comparison: 3.76% vs 6.5%
3877 Hannibal, Aurora, CO 80013 · 6bd/3ba · $619,000
List Price
$619,000
Assumable Rate
3.76%
Remaining Balance
$461,997
Equity Gap
$156,134
Loan Type
VAAdjust Your Scenario
$30,950
$30,950$156,134
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,717/moAssumable @ 3.76% + gap loan
$3,105/moAssumed loan: $2,142/mo
Gap financing: $963/mo
$612less per month with the assumable
Your Savings on This Property
3877 Hannibal, Aurora · 3.76% VA vs 6.5% conventional
$612
per month
$7,345
per year
$220,362
over 30 years
$219,493
interest saved
How gap financing works: The equity gap ($156,134) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,950, 5% of purchase price) and a second mortgage for the rest ($125,184 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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