Loan Comparison: 5.92% vs 6.5%
907 Yampa, Aurora, CO 80017 · 2bd/2ba · $235,000
List Price
$235,000
Assumable Rate
5.92%
Remaining Balance
$33,762
Equity Gap
$201,238
Loan Type
VAAdjust Your Scenario
$11,750
$11,750$201,238
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.92% (VA)
Blended Rate: 8.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,411/moAssumable @ 5.92% + gap loan
$1,658/moAssumed loan: $201/mo
Gap financing: $1,457/mo
Your Savings on This Property
907 Yampa, Aurora · 5.92% 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 ($201,238) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,750, 5% of purchase price) and a second mortgage for the rest ($189,488 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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