Loan Comparison: 3.45% vs 6.5%
18216 Weaver, Aurora, CO 80016 · 4bd/4ba · $895,000
List Price
$895,000
Assumable Rate
3.45%
Remaining Balance
$286,909
Equity Gap
$608,091
Loan Type
VAAdjust Your Scenario
$44,750
$44,750$608,091
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 6.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,374/moAssumable @ 3.45% + gap loan
$5,612/moAssumed loan: $1,280/mo
Gap financing: $4,332/mo
Your Savings on This Property
18216 Weaver, Aurora · 3.45% 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 ($608,091) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,750, 5% of purchase price) and a second mortgage for the rest ($563,341 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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