Loan Comparison: 4.9% vs 6.5%
13703 Marina, Aurora, CO 80014 · 3bd/3ba · $427,000
List Price
$427,000
Assumable Rate
4.9%
Remaining Balance
$63,435
Equity Gap
$442,643
Loan Type
VAAdjust Your Scenario
$21,350
$21,350$442,643
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.9% (VA)
Blended Rate: 8.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,564/moAssumable @ 4.9% + gap loan
$3,576/moAssumed loan: $337/mo
Gap financing: $3,239/mo
Your Savings on This Property
13703 Marina, Aurora · 4.9% 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 ($442,643) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,350, 5% of purchase price) and a second mortgage for the rest ($421,293 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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