Loan Comparison: 3.33% vs 6.5%
3754 Orleans, Aurora, CO 80013 · 4bd/3ba · $595,000
List Price
$595,000
Assumable Rate
3.33%
Remaining Balance
$416,310
Equity Gap
$176,666
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$176,666
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.33% (VA)
Blended Rate: 4.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 3.33% + gap loan
$2,960/moAssumed loan: $1,830/mo
Gap financing: $1,130/mo
$613less per month with the assumable
Your Savings on This Property
3754 Orleans, Aurora · 3.33% VA vs 6.5% conventional
$613
per month
$7,356
per year
$220,670
over 30 years
$218,646
interest saved
How gap financing works: The equity gap ($176,666) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($146,916 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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