Loan Comparison: 6.5% vs 6.5%
6259 Fenton Court, Littleton, CO 80123 · 4bd/2ba · $679,999
List Price
$679,999
Assumable Rate
6.5%
Remaining Balance
$625,485
Equity Gap
$54,514
Loan Type
VAAdjust Your Scenario
$34,000
$34,000$54,514
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,083/moAssumable @ 6.5% + gap loan
$4,097/moAssumed loan: $3,953/mo
Gap financing: $143/mo
Your Savings on This Property
6259 Fenton Court, Littleton · 6.5% 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 ($54,514) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,000, 5% of purchase price) and a second mortgage for the rest ($20,514 at 7.5%). 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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