Loan Comparison: 3.16% vs 6.5%
20305 Vassar, Aurora, CO 80013 · 3bd/3ba · $535,000
List Price
$535,000
Assumable Rate
3.16%
Remaining Balance
$384,401
Equity Gap
$150,599
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$150,599
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 4.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.16% + gap loan
$2,606/moAssumed loan: $1,654/mo
Gap financing: $952/mo
$606less per month with the assumable
Your Savings on This Property
20305 Vassar, Aurora · 3.16% VA vs 6.5% conventional
$606
per month
$7,274
per year
$218,227
over 30 years
$218,227
interest saved
How gap financing works: The equity gap ($150,599) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($123,849 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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