Loan Comparison: 3.08% vs 6.5%
4100 Laredo, Aurora, CO 80013 · 3bd/2ba · $485,000
List Price
$485,000
Assumable Rate
3.08%
Remaining Balance
$353,382
Equity Gap
$132,401
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$132,401
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 3.08% + gap loan
$2,337/moAssumed loan: $1,505/mo
Gap financing: $832/mo
$576less per month with the assumable
Your Savings on This Property
4100 Laredo, Aurora · 3.08% VA vs 6.5% conventional
$576
per month
$6,906
per year
$207,181
over 30 years
$207,964
interest saved
How gap financing works: The equity gap ($132,401) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($108,151 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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