Loan Comparison: 5.41% vs 6.5%
1172 Coolidge, Aurora, CO 80018 · 3bd/3ba · $485,000
List Price
$485,000
Assumable Rate
5.41%
Remaining Balance
$405,555
Equity Gap
$79,445
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$79,445
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 5.41% + gap loan
$2,704/moAssumed loan: $2,280/mo
Gap financing: $424/mo
$208less per month with the assumable
Your Savings on This Property
1172 Coolidge, Aurora · 5.41% VA vs 6.5% conventional
$208
per month
$2,496
per year
$74,881
over 30 years
$74,881
interest saved
How gap financing works: The equity gap ($79,445) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($55,195 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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