Loan Comparison: 3.45% vs 6.5%
19078 Hampden, Aurora, CO 80013 · 3bd/3ba · $490,000
List Price
$490,000
Assumable Rate
3.45%
Remaining Balance
$265,344
Equity Gap
$224,067
Loan Type
VAAdjust Your Scenario
$24,500
$24,500$224,067
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 3.45% + gap loan
$2,719/moAssumed loan: $1,184/mo
Gap financing: $1,534/mo
$224less per month with the assumable
Your Savings on This Property
19078 Hampden, Aurora · 3.45% VA vs 6.5% conventional
$224
per month
$2,684
per year
$80,517
over 30 years
$79,928
interest saved
How gap financing works: The equity gap ($224,067) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,500, 5% of purchase price) and a second mortgage for the rest ($199,567 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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