Loan Comparison: 2.68% vs 6.5%
6934 Fultondale, Aurora, CO 80016 · 5bd/5ba · $800,000
List Price
$800,000
Assumable Rate
2.68%
Remaining Balance
$385,660
Equity Gap
$413,434
Loan Type
VAAdjust Your Scenario
$40,000
$40,000$413,434
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 2.68% + gap loan
$4,432/moAssumed loan: $1,560/mo
Gap financing: $2,871/mo
$372less per month with the assumable
Your Savings on This Property
6934 Fultondale, Aurora · 2.68% VA vs 6.5% conventional
$372
per month
$4,466
per year
$133,982
over 30 years
$133,076
interest saved
How gap financing works: The equity gap ($413,434) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($373,434 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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