Loan Comparison: 2.91% vs 6.5%
9151 Roadrunner Street, Littleton, CO 80129 ยท 4bd/3ba ยท $679,000
List Price
$679,000
Assumable Rate
2.91%
Remaining Balance
$441,577
Equity Gap
$237,423
Loan Type
VAAdjust Your Scenario
$33,950
$33,950$237,423
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.91% (VA)
Blended Rate: 4.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,077/moAssumable @ 2.91% + gap loan
$3,263/moAssumed loan: $1,840/mo
Gap financing: $1,423/mo
$814less per month with the assumable
Your Savings on This Property
9151 Roadrunner Street, Littleton ยท 2.91% VA vs 6.5% conventional
$814
per month
$9,769
per year
$293,076
over 30 years
$293,076
interest saved
How gap financing works: The equity gap ($237,423) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,950, 5% of purchase price) and a second mortgage for the rest ($203,473 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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