Loan Comparison: 2.84% vs 6.5%
8627 Fremont Place, Littleton, CO 80128 · 3bd/2ba · $605,000
List Price
$605,000
Assumable Rate
2.84%
Remaining Balance
$477,496
Equity Gap
$127,504
Loan Type
VAAdjust Your Scenario
$30,250
$30,250$127,504
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 3.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,633/moAssumable @ 2.84% + gap loan
$2,652/moAssumed loan: $1,972/mo
Gap financing: $680/mo
$981less per month with the assumable
Your Savings on This Property
8627 Fremont Place, Littleton · 2.84% VA vs 6.5% conventional
$981
per month
$11,767
per year
$353,025
over 30 years
$353,025
interest saved
How gap financing works: The equity gap ($127,504) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,250, 5% of purchase price) and a second mortgage for the rest ($97,254 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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