Loan Comparison: 3.18% vs 6.5%
9828 Eagle River Street, Littleton, CO 80125 · 4bd/3ba · $925,000
List Price
$925,000
Assumable Rate
3.18%
Remaining Balance
$511,031
Equity Gap
$413,968
Loan Type
VAAdjust Your Scenario
$46,250
$46,250$413,968
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 4.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,554/moAssumable @ 3.18% + gap loan
$4,776/moAssumed loan: $2,204/mo
Gap financing: $2,571/mo
$779less per month with the assumable
Your Savings on This Property
9828 Eagle River Street, Littleton · 3.18% VA vs 6.5% conventional
$779
per month
$9,344
per year
$280,334
over 30 years
$280,333
interest saved
How gap financing works: The equity gap ($413,968) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,250, 5% of purchase price) and a second mortgage for the rest ($367,718 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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