Loan Comparison: 5.23% vs 6.5%
19663 63rd, Aurora, CO 80019 · 3bd/3ba · $575,000
List Price
$575,000
Assumable Rate
5.23%
Remaining Balance
$542,328
Equity Gap
$33,473
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$33,473
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 5.23% + gap loan
$3,024/moAssumed loan: $2,988/mo
Gap financing: $36/mo
$428less per month with the assumable
Your Savings on This Property
19663 63rd, Aurora · 5.23% VA vs 6.5% conventional
$428
per month
$5,140
per year
$154,193
over 30 years
$154,994
interest saved
How gap financing works: The equity gap ($33,473) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($4,723 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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