Loan Comparison: 2.79% vs 6.5%
6032 Nepal, Aurora, CO 80019 · 3bd/4ba · $775,000
List Price
$775,000
Assumable Rate
2.79%
Remaining Balance
$647,401
Equity Gap
$127,599
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$127,599
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 3.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.79% + gap loan
$3,340/moAssumed loan: $2,657/mo
Gap financing: $683/mo
$1,314less per month with the assumable
Your Savings on This Property
6032 Nepal, Aurora · 2.79% VA vs 6.5% conventional
$1,314
per month
$15,765
per year
$472,944
over 30 years
$472,944
interest saved
How gap financing works: The equity gap ($127,599) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($88,849 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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