Loan Comparison: 2.74% vs 6.5%
886 Kingston, Aurora, CO 80010 · 3bd/2ba · $400,000
List Price
$400,000
Assumable Rate
2.74%
Remaining Balance
$174,623
Equity Gap
$224,966
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$224,966
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 5.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 2.74% + gap loan
$2,288/moAssumed loan: $712/mo
Gap financing: $1,576/mo
$114less per month with the assumable
Your Savings on This Property
886 Kingston, Aurora · 2.74% VA vs 6.5% conventional
$114
per month
$1,367
per year
$41,000
over 30 years
$40,589
interest saved
How gap financing works: The equity gap ($224,966) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($204,966 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 886 Kingston.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.