Loan Comparison: 2.74% vs 6.5%
4765 Catawba, Aurora, CO 80016 · 3bd/3ba · $570,000
List Price
$570,000
Assumable Rate
2.74%
Remaining Balance
$367,861
Equity Gap
$202,139
Loan Type
VAAdjust Your Scenario
$28,500
$28,500$202,139
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 4.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,423/moAssumable @ 2.74% + gap loan
$2,835/moAssumed loan: $1,500/mo
Gap financing: $1,335/mo
$588less per month with the assumable
Your Savings on This Property
4765 Catawba, Aurora · 2.74% VA vs 6.5% conventional
$588
per month
$7,052
per year
$211,573
over 30 years
$211,573
interest saved
How gap financing works: The equity gap ($202,139) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,500, 5% of purchase price) and a second mortgage for the rest ($173,639 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.
🏠
Back to This Listing
View photos, details, and request a showing for 4765 Catawba.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.