Loan Comparison: 2.375% vs 6.5%
24030 Tansy, Aurora, CO 80016 · 5bd/4ba · $975,000
List Price
$975,000
Assumable Rate
2.375%
Remaining Balance
$713,829
Equity Gap
$262,771
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$262,771
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.375% (VA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 2.375% + gap loan
$4,420/moAssumed loan: $2,774/mo
Gap financing: $1,646/mo
$1,435less per month with the assumable
Your Savings on This Property
24030 Tansy, Aurora · 2.375% VA vs 6.5% conventional
$1,435
per month
$17,215
per year
$516,448
over 30 years
$518,048
interest saved
How gap financing works: The equity gap ($262,771) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($214,021 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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