Loan Comparison: 2.81% vs 6.5%
3808 Evanston, Aurora, CO 80014 · 3bd/2ba · $340,000
List Price
$340,000
Assumable Rate
2.81%
Remaining Balance
$116,651
Equity Gap
$223,348
Loan Type
VAAdjust Your Scenario
$17,000
$17,000$223,348
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 6.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,042/moAssumable @ 2.81% + gap loan
$2,067/moAssumed loan: $480/mo
Gap financing: $1,587/mo
Your Savings on This Property
3808 Evanston, Aurora · 2.81% 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 ($223,348) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,000, 5% of purchase price) and a second mortgage for the rest ($206,348 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 3808 Evanston.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.