Loan Comparison: 3.67% vs 6.5%
22264 Kenyon, Aurora, CO 80018 · 5bd/3ba · $539,000
List Price
$539,000
Assumable Rate
3.67%
Remaining Balance
$181,816
Equity Gap
$357,184
Loan Type
VAAdjust Your Scenario
$26,950
$26,950$357,184
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (VA)
Blended Rate: 6.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,237/moAssumable @ 3.67% + gap loan
$3,373/moAssumed loan: $834/mo
Gap financing: $2,539/mo
Your Savings on This Property
22264 Kenyon, Aurora · 3.67% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($357,184) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,950, 5% of purchase price) and a second mortgage for the rest ($330,234 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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