Loan Comparison: 3.23% vs 6.5%
8049 Jackson Gap, Aurora, CO 80016 · 3bd/2ba · $649,888
List Price
$649,888
Assumable Rate
3.23%
Remaining Balance
$516,524
Equity Gap
$204,102
Loan Type
VAAdjust Your Scenario
$32,494
$32,494$204,102
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,902/moAssumable @ 3.23% + gap loan
$3,562/moAssumed loan: $2,242/mo
Gap financing: $1,320/mo
$341less per month with the assumable
Your Savings on This Property
8049 Jackson Gap, Aurora · 3.23% VA vs 6.5% conventional
$341
per month
$4,087
per year
$122,598
over 30 years
$193,337
interest saved
How gap financing works: The equity gap ($204,102) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,494, 5% of purchase price) and a second mortgage for the rest ($171,608 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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