Loan Comparison: 2.75% vs 6.5%
4694 Ouray, Aurora, CO 80015 · 4bd/3ba · $515,000
List Price
$515,000
Assumable Rate
2.75%
Remaining Balance
$473,910
Equity Gap
$40,079
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$40,079
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 2.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 2.75% + gap loan
$2,045/moAssumed loan: $1,935/mo
Gap financing: $110/mo
$1,048less per month with the assumable
Your Savings on This Property
4694 Ouray, Aurora · 2.75% VA vs 6.5% conventional
$1,048
per month
$12,570
per year
$377,107
over 30 years
$376,096
interest saved
How gap financing works: The equity gap ($40,079) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($14,329 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 4694 Ouray.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.