Loan Comparison: 3.76% vs 6.5%
3877 Hannibal, Aurora, CO 80013 · 6bd/3ba · $623,877
List Price
$623,877
Assumable Rate
3.76%
Remaining Balance
$462,866
Equity Gap
$161,011
Loan Type
VAAdjust Your Scenario
$31,194
$31,194$161,011
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,746/moAssumable @ 3.76% + gap loan
$3,144/moAssumed loan: $2,146/mo
Gap financing: $998/mo
$602less per month with the assumable
Your Savings on This Property
3877 Hannibal, Aurora · 3.76% VA vs 6.5% conventional
$602
per month
$7,221
per year
$216,629
over 30 years
$216,629
interest saved
How gap financing works: The equity gap ($161,011) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,194, 5% of purchase price) and a second mortgage for the rest ($129,817 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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