Loan Comparison: 3.85% vs 6.5%
2522 Moline, Aurora, CO 80010 · 2bd/3ba · $599,999
List Price
$599,999
Assumable Rate
3.85%
Remaining Balance
$461,083
Equity Gap
$137,949
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$137,949
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.85% (VA)
Blended Rate: 4.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.85% + gap loan
$2,992/moAssumed loan: $2,162/mo
Gap financing: $830/mo
$611less per month with the assumable
Your Savings on This Property
2522 Moline, Aurora · 3.85% VA vs 6.5% conventional
$611
per month
$7,334
per year
$220,015
over 30 years
$219,048
interest saved
How gap financing works: The equity gap ($137,949) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($107,949 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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