Loan Comparison: 3.06% vs 6.5%
22238 45th, Aurora, CO 80019 · 4bd/3ba · $572,000
List Price
$572,000
Assumable Rate
3.06%
Remaining Balance
$470,499
Equity Gap
$101,500
Loan Type
VAAdjust Your Scenario
$28,600
$28,600$101,500
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,435/moAssumable @ 3.06% + gap loan
$2,559/moAssumed loan: $1,999/mo
Gap financing: $561/mo
$875less per month with the assumable
Your Savings on This Property
22238 45th, Aurora · 3.06% VA vs 6.5% conventional
$875
per month
$10,503
per year
$315,079
over 30 years
$315,078
interest saved
How gap financing works: The equity gap ($101,500) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,600, 5% of purchase price) and a second mortgage for the rest ($72,900 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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