Loan Comparison: 4.17% vs 6.5%
8371 Upham Way, Littleton, CO 80128 · 2bd/3ba · $420,000
List Price
$420,000
Assumable Rate
4.17%
Remaining Balance
$397,243
Equity Gap
$22,757
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$22,757
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 4.17% + gap loan
$1,948/moAssumed loan: $1,936/mo
Gap financing: $12/mo
$574less per month with the assumable
Your Savings on This Property
8371 Upham Way, Littleton · 4.17% VA vs 6.5% conventional
$574
per month
$6,888
per year
$206,650
over 30 years
$206,650
interest saved
How gap financing works: The equity gap ($22,757) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($1,757 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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