Loan Comparison: 3.47% vs 6.5%
1922 Hannibal, Aurora, CO 80013 · 2bd/3ba · $350,000
List Price
$350,000
Assumable Rate
3.47%
Remaining Balance
$76,258
Equity Gap
$274,245
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$274,245
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 7.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 3.47% + gap loan
$2,315/moAssumed loan: $341/mo
Gap financing: $1,974/mo
Your Savings on This Property
1922 Hannibal, Aurora · 3.47% 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 ($274,245) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($256,745 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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