Loan Comparison: 5.52% vs 6.5%
152 Biloxi, Aurora, CO 80018 · 4bd/3ba · $615,000
List Price
$615,000
Assumable Rate
5.52%
Remaining Balance
$450,750
Equity Gap
$163,617
Loan Type
VAAdjust Your Scenario
$30,750
$30,750$163,617
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 5.52% + gap loan
$3,587/moAssumed loan: $2,565/mo
Gap financing: $1,022/mo
$106less per month with the assumable
Your Savings on This Property
152 Biloxi, Aurora · 5.52% VA vs 6.5% conventional
$106
per month
$1,275
per year
$38,253
over 30 years
$37,620
interest saved
How gap financing works: The equity gap ($163,617) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($132,867 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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