Loan Comparison: 2.96% vs 6.5%
22376 Navarro, Aurora, CO 80018 · 4bd/3ba · $535,000
List Price
$535,000
Assumable Rate
2.96%
Remaining Balance
$376,347
Equity Gap
$157,818
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$157,818
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 2.96% + gap loan
$2,586/moAssumed loan: $1,579/mo
Gap financing: $1,008/mo
$626less per month with the assumable
Your Savings on This Property
22376 Navarro, Aurora · 2.96% VA vs 6.5% conventional
$626
per month
$7,513
per year
$225,396
over 30 years
$224,561
interest saved
How gap financing works: The equity gap ($157,818) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($131,068 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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