Loan Comparison: 3.35% vs 6.5%
16179 Flora, Aurora, CO 80013 · 4bd/3ba · $539,000
List Price
$539,000
Assumable Rate
3.35%
Remaining Balance
$119,978
Equity Gap
$419,022
Loan Type
VAAdjust Your Scenario
$26,950
$26,950$419,022
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (VA)
Blended Rate: 7.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,237/moAssumable @ 3.35% + gap loan
$3,543/moAssumed loan: $529/mo
Gap financing: $3,015/mo
Your Savings on This Property
16179 Flora, Aurora · 3.35% 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 ($419,022) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,950, 5% of purchase price) and a second mortgage for the rest ($392,072 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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