Loan Comparison: 2.68% vs 6.5%
2682 Cathay, Aurora, CO 80013 · 1bd/1ba · $219,500
List Price
$219,500
Assumable Rate
2.68%
Remaining Balance
$172,147
Equity Gap
$47,735
Loan Type
VAAdjust Your Scenario
$10,975
$10,975$47,735
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 3.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,318/moAssumable @ 2.68% + gap loan
$979/moAssumed loan: $696/mo
Gap financing: $283/mo
$339less per month with the assumable
Your Savings on This Property
2682 Cathay, Aurora · 2.68% VA vs 6.5% conventional
$339
per month
$4,068
per year
$122,025
over 30 years
$122,407
interest saved
How gap financing works: The equity gap ($47,735) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,975, 5% of purchase price) and a second mortgage for the rest ($36,760 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 2682 Cathay.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.