Loan Comparison: 3.07% vs 6.5%
3175 Ensenada, Aurora, CO 80013 · 4bd/2ba · $465,000
List Price
$465,000
Assumable Rate
3.07%
Remaining Balance
$367,583
Equity Gap
$116,920
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$116,920
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 4.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 3.07% + gap loan
$2,284/moAssumed loan: $1,564/mo
Gap financing: $720/mo
$508less per month with the assumable
Your Savings on This Property
3175 Ensenada, Aurora · 3.07% VA vs 6.5% conventional
$508
per month
$6,099
per year
$182,975
over 30 years
$202,478
interest saved
How gap financing works: The equity gap ($116,920) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($93,670 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 3175 Ensenada.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.