Loan Comparison: 3.06% vs 6.5%
19314 Purdue, Aurora, CO 80013 · 4bd/2ba · $455,000
List Price
$455,000
Assumable Rate
3.06%
Remaining Balance
$373,751
Equity Gap
$81,249
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$81,249
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 3.06% + gap loan
$2,038/moAssumed loan: $1,588/mo
Gap financing: $450/mo
$694less per month with the assumable
Your Savings on This Property
19314 Purdue, Aurora · 3.06% VA vs 6.5% conventional
$694
per month
$8,333
per year
$249,998
over 30 years
$249,998
interest saved
How gap financing works: The equity gap ($81,249) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($58,499 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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