Loan Comparison: 3.85% vs 6.5%
2522 Moline, Aurora, CO 80010 · 2bd/3ba · $595,000
List Price
$595,000
Assumable Rate
3.85%
Remaining Balance
$462,050
Equity Gap
$132,950
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$132,950
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.85% (VA)
Blended Rate: 4.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 3.85% + gap loan
$2,960/moAssumed loan: $2,166/mo
Gap financing: $794/mo
$613less per month with the assumable
Your Savings on This Property
2522 Moline, Aurora · 3.85% VA vs 6.5% conventional
$613
per month
$7,357
per year
$220,722
over 30 years
$220,722
interest saved
How gap financing works: The equity gap ($132,950) 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 ($103,200 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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