Loan Comparison: 4.5% vs 6.5%
22876 Tufts, Aurora, CO 80015 · 3bd/3ba · $425,900
List Price
$425,900
Assumable Rate
4.5%
Remaining Balance
$0
Equity Gap
$425,900
Loan Type
VAAdjust Your Scenario
$21,295
$21,295$425,900
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.5% (VA)
Blended Rate: 8.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,557/moAssumable @ 4.5% + gap loan
$3,111/moAssumed loan: $0/mo
Gap financing: $3,111/mo
Your Savings on This Property
22876 Tufts, Aurora · 4.5% 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 ($425,900) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,295, 5% of purchase price) and a second mortgage for the rest ($404,605 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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