Loan Comparison: 3.77% vs 6.5%
1330 Dillon, Aurora, CO 80012 · 2bd/2ba · $235,000
List Price
$235,000
Assumable Rate
3.77%
Remaining Balance
$71,264
Equity Gap
$163,735
Loan Type
VAAdjust Your Scenario
$11,750
$11,750$163,735
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (VA)
Blended Rate: 6.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,411/moAssumable @ 3.77% + gap loan
$1,499/moAssumed loan: $331/mo
Gap financing: $1,169/mo
Your Savings on This Property
1330 Dillon, Aurora · 3.77% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($163,735) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,750, 5% of purchase price) and a second mortgage for the rest ($151,985 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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