Loan Comparison: 3.72% vs 6.5%
91 Sable, Aurora, CO 80012 · 1bd/1ba · $165,000
List Price
$165,000
Assumable Rate
3.72%
Remaining Balance
$119,324
Equity Gap
$45,675
Loan Type
VAAdjust Your Scenario
$8,250
$8,250$45,675
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$991/moAssumable @ 3.72% + gap loan
$838/moAssumed loan: $551/mo
Gap financing: $288/mo
$152less per month with the assumable
Your Savings on This Property
91 Sable, Aurora · 3.72% VA vs 6.5% conventional
$152
per month
$1,829
per year
$54,872
over 30 years
$54,871
interest saved
How gap financing works: The equity gap ($45,675) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($8,250, 5% of purchase price) and a second mortgage for the rest ($37,425 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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