Loan Comparison: 2.875% vs 6.5%
24777 Alamo, Aurora, CO 80016 · 5bd/3ba · $708,000
List Price
$708,000
Assumable Rate
2.875%
Remaining Balance
$540,062
Equity Gap
$164,247
Loan Type
VAAdjust Your Scenario
$35,400
$35,400$164,247
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.875% (VA)
Blended Rate: 3.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,251/moAssumable @ 2.875% + gap loan
$3,231/moAssumed loan: $2,241/mo
Gap financing: $991/mo
$1,020less per month with the assumable
Your Savings on This Property
24777 Alamo, Aurora · 2.875% VA vs 6.5% conventional
$1,020
per month
$12,239
per year
$367,161
over 30 years
$363,470
interest saved
How gap financing works: The equity gap ($164,247) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,400, 5% of purchase price) and a second mortgage for the rest ($128,847 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 24777 Alamo.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.