Loan Comparison: 2.25% vs 6.5%
6915 Fultondale, Aurora, CO 80016 · 5bd/3ba · $775,000
List Price
$775,000
Assumable Rate
2.25%
Remaining Balance
$538,706
Equity Gap
$224,799
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$224,799
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.25% (VA)
Blended Rate: 3.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.25% + gap loan
$3,490/moAssumed loan: $2,059/mo
Gap financing: $1,431/mo
$1,164less per month with the assumable
Your Savings on This Property
6915 Fultondale, Aurora · 2.25% VA vs 6.5% conventional
$1,164
per month
$13,966
per year
$418,990
over 30 years
$407,495
interest saved
How gap financing works: The equity gap ($224,799) 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 ($186,049 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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