Loan Comparison: 3.02% vs 6.5%
12702 Alaska, Aurora, CO 80012 · 6bd/3ba · $446,900
List Price
$446,900
Assumable Rate
3.02%
Remaining Balance
$391,915
Equity Gap
$103,285
Loan Type
VAAdjust Your Scenario
$22,345
$22,345$103,285
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 3.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,683/moAssumable @ 3.02% + gap loan
$2,279/moAssumed loan: $1,657/mo
Gap financing: $622/mo
$405less per month with the assumable
Your Savings on This Property
12702 Alaska, Aurora · 3.02% VA vs 6.5% conventional
$405
per month
$4,855
per year
$145,641
over 30 years
$193,941
interest saved
How gap financing works: The equity gap ($103,285) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,345, 5% of purchase price) and a second mortgage for the rest ($80,940 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 12702 Alaska.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.