Loan Comparison: 3.67% vs 6.5%
941 Zion, Aurora, CO 80011 · 3bd/2ba · $430,000
List Price
$430,000
Assumable Rate
3.67%
Remaining Balance
$166,975
Equity Gap
$263,529
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$263,529
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (VA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 3.67% + gap loan
$2,627/moAssumed loan: $766/mo
Gap financing: $1,861/mo
Your Savings on This Property
941 Zion, Aurora · 3.67% 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 ($263,529) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($242,029 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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