Loan Comparison: 5.85% vs 6.5%
10730 26th, Aurora, CO 80010 · 4bd/4ba · $800,000
List Price
$800,000
Assumable Rate
5.85%
Remaining Balance
$591,911
Equity Gap
$698,193
Loan Type
VAAdjust Your Scenario
$40,000
$40,000$698,193
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.85% (VA)
Blended Rate: 7.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 5.85% + gap loan
$8,553/moAssumed loan: $3,492/mo
Gap financing: $5,061/mo
Your Savings on This Property
10730 26th, Aurora · 5.85% 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 ($698,193) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($658,193 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.
🏠
Back to This Listing
View photos, details, and request a showing for 10730 26th.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.