Loan Comparison: 2.74% vs 6.5%
2836 Vaughn, Aurora, CO 80014 · 2bd/3ba · $375,000
List Price
$375,000
Assumable Rate
2.74%
Remaining Balance
$148,595
Equity Gap
$226,057
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$226,057
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 6.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 2.74% + gap loan
$2,200/moAssumed loan: $606/mo
Gap financing: $1,594/mo
$52less per month with the assumable
Your Savings on This Property
2836 Vaughn, Aurora · 2.74% VA vs 6.5% conventional
$52
per month
$623
per year
$18,681
over 30 years
$18,333
interest saved
How gap financing works: The equity gap ($226,057) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($207,307 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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