Loan Comparison: 2.77% vs 6.5%
6823 Big Horn Trail, Littleton, CO 80125 · 4bd/2ba · $894,000
List Price
$894,000
Assumable Rate
2.77%
Remaining Balance
$658,521
Equity Gap
$235,478
Loan Type
VAAdjust Your Scenario
$44,700
$44,700$235,478
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 3.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,368/moAssumable @ 2.77% + gap loan
$4,029/moAssumed loan: $2,695/mo
Gap financing: $1,334/mo
$1,339less per month with the assumable
Your Savings on This Property
6823 Big Horn Trail, Littleton · 2.77% VA vs 6.5% conventional
$1,339
per month
$16,066
per year
$481,994
over 30 years
$481,993
interest saved
How gap financing works: The equity gap ($235,478) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,700, 5% of purchase price) and a second mortgage for the rest ($190,778 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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