Loan Comparison: 3.89% vs 6.5%
6428 Silver Mesa Drive, Littleton, CO 80130 · 2bd/3ba · $540,000
List Price
$540,000
Assumable Rate
3.89%
Remaining Balance
$217,059
Equity Gap
$322,940
Loan Type
VAAdjust Your Scenario
$27,000
$27,000$322,940
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.89% (VA)
Blended Rate: 5.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 3.89% + gap loan
$3,092/moAssumed loan: $1,023/mo
Gap financing: $2,069/mo
$151less per month with the assumable
Your Savings on This Property
6428 Silver Mesa Drive, Littleton · 3.89% VA vs 6.5% conventional
$151
per month
$1,808
per year
$54,251
over 30 years
$54,250
interest saved
How gap financing works: The equity gap ($322,940) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($295,940 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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