Loan Comparison: 2.84% vs 6.5%
4852 Pagosa, Aurora, CO 80015 · 3bd/2ba · $429,900
List Price
$429,900
Assumable Rate
2.84%
Remaining Balance
$278,644
Equity Gap
$151,880
Loan Type
VAAdjust Your Scenario
$21,495
$21,495$151,880
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 4.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,581/moAssumable @ 2.84% + gap loan
$2,153/moAssumed loan: $1,151/mo
Gap financing: $1,003/mo
$428less per month with the assumable
Your Savings on This Property
4852 Pagosa, Aurora · 2.84% VA vs 6.5% conventional
$428
per month
$5,136
per year
$154,074
over 30 years
$154,698
interest saved
How gap financing works: The equity gap ($151,880) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,495, 5% of purchase price) and a second mortgage for the rest ($130,385 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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