Loan Comparison: 3.08% vs 6.5%
6139 Broadway, Littleton, CO 80121 · 3bd/2ba · $575,000
List Price
$575,000
Assumable Rate
3.08%
Remaining Balance
$292,439
Equity Gap
$282,561
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$282,561
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 5.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.08% + gap loan
$3,020/moAssumed loan: $1,246/mo
Gap financing: $1,775/mo
$432less per month with the assumable
Your Savings on This Property
6139 Broadway, Littleton · 3.08% VA vs 6.5% conventional
$432
per month
$5,189
per year
$155,664
over 30 years
$155,664
interest saved
How gap financing works: The equity gap ($282,561) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($253,811 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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