Loan Comparison: 3.16% vs 6.5%
18035 Asbury, Aurora, CO 80013 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
3.16%
Remaining Balance
$347,080
Equity Gap
$127,127
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$127,127
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 4.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.16% + gap loan
$2,288/moAssumed loan: $1,493/mo
Gap financing: $795/mo
$564less per month with the assumable
Your Savings on This Property
18035 Asbury, Aurora · 3.16% VA vs 6.5% conventional
$564
per month
$6,767
per year
$203,005
over 30 years
$202,212
interest saved
How gap financing works: The equity gap ($127,127) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($103,377 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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