Loan Comparison: 3.42% vs 6.5%
22780 Heritage, Aurora, CO 80016 · 2bd/3ba · $715,000
List Price
$715,000
Assumable Rate
3.42%
Remaining Balance
$67,956
Equity Gap
$647,044
Loan Type
VAAdjust Your Scenario
$35,750
$35,750$647,044
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.42% (VA)
Blended Rate: 7.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,293/moAssumable @ 3.42% + gap loan
$5,002/moAssumed loan: $302/mo
Gap financing: $4,700/mo
Your Savings on This Property
22780 Heritage, Aurora · 3.42% 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 ($647,044) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,750, 5% of purchase price) and a second mortgage for the rest ($611,294 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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