Loan Comparison: 3.65% vs 6.5%
1191 Sable, Aurora, CO 80012 · 2bd/3ba · $338,000
List Price
$338,000
Assumable Rate
3.65%
Remaining Balance
$216,178
Equity Gap
$121,822
Loan Type
VAAdjust Your Scenario
$16,900
$16,900$121,822
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.65% (VA)
Blended Rate: 5.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,030/moAssumable @ 3.65% + gap loan
$1,796/moAssumed loan: $989/mo
Gap financing: $807/mo
$234less per month with the assumable
Your Savings on This Property
1191 Sable, Aurora · 3.65% VA vs 6.5% conventional
$234
per month
$2,807
per year
$84,198
over 30 years
$84,198
interest saved
How gap financing works: The equity gap ($121,822) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,900, 5% of purchase price) and a second mortgage for the rest ($104,922 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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