Loan Comparison: 2.6% vs 6.5%
1625 Dayton, Aurora, CO 80010 · 2bd/1ba · $385,000
List Price
$385,000
Assumable Rate
2.6%
Remaining Balance
$217,458
Equity Gap
$216,898
Loan Type
VAAdjust Your Scenario
$19,250
$19,250$216,898
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.6% (VA)
Blended Rate: 5.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 2.6% + gap loan
$2,390/moAssumed loan: $871/mo
Gap financing: $1,520/mo
Your Savings on This Property
1625 Dayton, Aurora · 2.6% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$21,087
interest saved
How gap financing works: The equity gap ($216,898) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($197,648 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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