Loan Comparison: 3.21% vs 6.5%
7064 Vandriver, Aurora, CO 80016 · 6bd/5ba · $1,050,000
List Price
$1,050,000
Assumable Rate
3.21%
Remaining Balance
$847,071
Equity Gap
$249,071
Loan Type
VAAdjust Your Scenario
$52,500
$52,500$249,071
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.21% (VA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,305/moAssumable @ 3.21% + gap loan
$5,179/moAssumed loan: $3,668/mo
Gap financing: $1,511/mo
$1,125less per month with the assumable
Your Savings on This Property
7064 Vandriver, Aurora · 3.21% VA vs 6.5% conventional
$1,125
per month
$13,506
per year
$405,173
over 30 years
$451,315
interest saved
How gap financing works: The equity gap ($249,071) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($52,500, 5% of purchase price) and a second mortgage for the rest ($196,571 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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