Loan Comparison: 3.47% vs 6.5%
11619 Dakota, Aurora, CO 80012 · 4bd/2ba · $375,000
List Price
$375,000
Assumable Rate
3.47%
Remaining Balance
$202,922
Equity Gap
$176,351
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$176,351
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 3.47% + gap loan
$2,120/moAssumed loan: $908/mo
Gap financing: $1,212/mo
$132less per month with the assumable
Your Savings on This Property
11619 Dakota, Aurora · 3.47% VA vs 6.5% conventional
$132
per month
$1,585
per year
$47,560
over 30 years
$51,833
interest saved
How gap financing works: The equity gap ($176,351) 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 ($157,601 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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