Loan Comparison: 3.69% vs 6.5%
18032 Loyola, Aurora, CO 80013 · 4bd/2ba · $459,000
List Price
$459,000
Assumable Rate
3.69%
Remaining Balance
$362,328
Equity Gap
$157,989
Loan Type
VAAdjust Your Scenario
$22,950
$22,950$157,989
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,756/moAssumable @ 3.69% + gap loan
$2,704/moAssumed loan: $1,666/mo
Gap financing: $1,038/mo
$52less per month with the assumable
Your Savings on This Property
18032 Loyola, Aurora · 3.69% VA vs 6.5% conventional
$52
per month
$625
per year
$18,761
over 30 years
$80,078
interest saved
How gap financing works: The equity gap ($157,989) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,950, 5% of purchase price) and a second mortgage for the rest ($135,039 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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