Loan Comparison: 3.51% vs 6.5%
18917 Union, Aurora, CO 80015 · 5bd/4ba · $775,000
List Price
$775,000
Assumable Rate
3.51%
Remaining Balance
$611,825
Equity Gap
$163,175
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$163,175
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.51% (VA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 3.51% + gap loan
$3,708/moAssumed loan: $2,751/mo
Gap financing: $957/mo
$946less per month with the assumable
Your Savings on This Property
18917 Union, Aurora · 3.51% VA vs 6.5% conventional
$946
per month
$11,353
per year
$340,595
over 30 years
$340,595
interest saved
How gap financing works: The equity gap ($163,175) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($124,425 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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