Loan Comparison: 2.68% vs 6.5%
17391 Layton, Aurora, CO 80015 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
2.68%
Remaining Balance
$334,637
Equity Gap
$120,312
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$120,312
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.68% + gap loan
$2,115/moAssumed loan: $1,354/mo
Gap financing: $762/mo
$437less per month with the assumable
Your Savings on This Property
17391 Layton, Aurora · 2.68% VA vs 6.5% conventional
$437
per month
$5,238
per year
$157,148
over 30 years
$187,097
interest saved
How gap financing works: The equity gap ($120,312) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($99,062 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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