Loan Comparison: 3.16% vs 6.5%
7460 Old Hammer, Aurora, CO 80016 · 3bd/3ba · $595,000
List Price
$595,000
Assumable Rate
3.16%
Remaining Balance
$440,942
Equity Gap
$155,053
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$155,053
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 3.16% + gap loan
$2,861/moAssumed loan: $1,897/mo
Gap financing: $963/mo
$712less per month with the assumable
Your Savings on This Property
7460 Old Hammer, Aurora · 3.16% VA vs 6.5% conventional
$712
per month
$8,544
per year
$256,319
over 30 years
$257,314
interest saved
How gap financing works: The equity gap ($155,053) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($125,303 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7460 Old Hammer.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.