Loan Comparison: 4.28% vs 6.5%
23850 Ontario, Aurora, CO 80016 · 4bd/4ba · $950,000
List Price
$950,000
Assumable Rate
4.28%
Remaining Balance
$413,009
Equity Gap
$548,749
Loan Type
VAAdjust Your Scenario
$47,500
$47,500$548,749
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.28% (VA)
Blended Rate: 6.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 4.28% + gap loan
$5,893/moAssumed loan: $2,039/mo
Gap financing: $3,854/mo
Your Savings on This Property
23850 Ontario, Aurora · 4.28% 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 ($548,749) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,500, 5% of purchase price) and a second mortgage for the rest ($501,249 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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