Loan Comparison: 4.99% vs 6.5%
23918 Alamo, Aurora, CO 80016 · 3bd/3ba · $665,000
List Price
$665,000
Assumable Rate
4.99%
Remaining Balance
$630,648
Equity Gap
$33,383
Loan Type
VAAdjust Your Scenario
$33,250
$33,250$33,383
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 4.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,993/moAssumable @ 4.99% + gap loan
$3,383/moAssumed loan: $3,382/mo
Gap financing: $1/mo
$610less per month with the assumable
Your Savings on This Property
23918 Alamo, Aurora · 4.99% VA vs 6.5% conventional
$610
per month
$7,326
per year
$219,768
over 30 years
$218,799
interest saved
How gap financing works: The equity gap ($33,383) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,250, 5% of purchase price) and a second mortgage for the rest ($133 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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