Loan Comparison: 3.47% vs 6.5%
6599 Oak Circle, Littleton, CO 80127 · 3bd/2ba · $950,000
List Price
$950,000
Assumable Rate
3.47%
Remaining Balance
$453,002
Equity Gap
$496,997
Loan Type
VAAdjust Your Scenario
$47,500
$47,500$496,997
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 3.47% + gap loan
$5,170/moAssumed loan: $2,027/mo
Gap financing: $3,143/mo
$535less per month with the assumable
Your Savings on This Property
6599 Oak Circle, Littleton · 3.47% VA vs 6.5% conventional
$535
per month
$6,418
per year
$192,551
over 30 years
$192,550
interest saved
How gap financing works: The equity gap ($496,997) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,500, 5% of purchase price) and a second mortgage for the rest ($449,497 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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