Loan Comparison: 2.96% vs 6.5%
751 Moline, Aurora, CO 80012 · 3bd/2ba · $365,000
List Price
$365,000
Assumable Rate
2.96%
Remaining Balance
$129,708
Equity Gap
$235,000
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$235,000
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 2.96% + gap loan
$2,211/moAssumed loan: $544/mo
Gap financing: $1,667/mo
Your Savings on This Property
751 Moline, Aurora · 2.96% 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 ($235,000) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($216,750 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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