Loan Comparison: 2.78% vs 6.5%
24618 Moraine, Aurora, CO 80016 · 4bd/3ba · $799,900
List Price
$799,900
Assumable Rate
2.78%
Remaining Balance
$279,384
Equity Gap
$520,516
Loan Type
VAAdjust Your Scenario
$39,995
$39,995$520,516
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.78% (VA)
Blended Rate: 6.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 2.78% + gap loan
$4,840/moAssumed loan: $1,145/mo
Gap financing: $3,695/mo
Your Savings on This Property
24618 Moraine, Aurora · 2.78% 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 ($520,516) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($480,521 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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