Loan Comparison: 2.5% vs 6.5%
4373 Jellison Way, Littleton, CO 80123 · 5bd/3ba · $799,000
List Price
$799,000
Assumable Rate
2.5%
Remaining Balance
$390,559
Equity Gap
$408,440
Loan Type
VAAdjust Your Scenario
$39,950
$39,950$408,440
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 4.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 2.5% + gap loan
$4,120/moAssumed loan: $1,543/mo
Gap financing: $2,577/mo
$678less per month with the assumable
Your Savings on This Property
4373 Jellison Way, Littleton · 2.5% VA vs 6.5% conventional
$678
per month
$8,136
per year
$244,079
over 30 years
$244,078
interest saved
How gap financing works: The equity gap ($408,440) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($368,490 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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