Loan Comparison: 4.99% vs 6.5%
5066 Quemoy, Aurora, CO 80019 · 3bd/3ba · $699,000
List Price
$699,000
Assumable Rate
4.99%
Remaining Balance
$624,564
Equity Gap
$77,306
Loan Type
VAAdjust Your Scenario
$34,950
$34,950$77,306
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,197/moAssumable @ 4.99% + gap loan
$3,675/moAssumed loan: $3,349/mo
Gap financing: $326/mo
$523less per month with the assumable
Your Savings on This Property
5066 Quemoy, Aurora · 4.99% VA vs 6.5% conventional
$523
per month
$6,271
per year
$188,132
over 30 years
$191,002
interest saved
How gap financing works: The equity gap ($77,306) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,950, 5% of purchase price) and a second mortgage for the rest ($42,356 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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