Loan Comparison: 4.39% vs 6.5%
20877 Eastman, Aurora, CO 80013 · 4bd/4ba · $575,000
List Price
$575,000
Assumable Rate
4.39%
Remaining Balance
$122,655
Equity Gap
$601,589
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$601,589
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.39% (VA)
Blended Rate: 7.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 4.39% + gap loan
$5,018/moAssumed loan: $613/mo
Gap financing: $4,405/mo
Your Savings on This Property
20877 Eastman, Aurora · 4.39% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($601,589) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($572,839 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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