Loan Comparison: 5.23% vs 6.5%
698 Moline, Aurora, CO 80012 · 4bd/2ba · $525,000
List Price
$525,000
Assumable Rate
5.23%
Remaining Balance
$487,025
Equity Gap
$38,690
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$38,690
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 5.23% + gap loan
$2,779/moAssumed loan: $2,683/mo
Gap financing: $96/mo
$373less per month with the assumable
Your Savings on This Property
698 Moline, Aurora · 5.23% VA vs 6.5% conventional
$373
per month
$4,481
per year
$134,441
over 30 years
$135,156
interest saved
How gap financing works: The equity gap ($38,690) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($12,440 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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