Loan Comparison: 6.5% vs 6.5%
6552 Calhoun Place, Littleton, CO 80123 ยท 4bd/3ba ยท $860,000
List Price
$860,000
Assumable Rate
6.5%
Remaining Balance
$805,893
Equity Gap
$54,107
Loan Type
VAAdjust Your Scenario
$43,000
$43,000$54,107
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,164/moAssumable @ 6.5% + gap loan
$5,171/moAssumed loan: $5,094/mo
Gap financing: $78/mo
Your Savings on This Property
6552 Calhoun Place, Littleton ยท 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 ($54,107) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,000, 5% of purchase price) and a second mortgage for the rest ($11,107 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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