Loan Comparison: 3.175% vs 6.5%
5325 Crocker Street, Littleton, CO 80015 · 4bd/3ba · $735,000
List Price
$735,000
Assumable Rate
3.175%
Remaining Balance
$406,564
Equity Gap
$328,435
Loan Type
VAAdjust Your Scenario
$36,750
$36,750$328,435
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.175% (VA)
Blended Rate: 4.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 3.175% + gap loan
$3,792/moAssumed loan: $1,753/mo
Gap financing: $2,040/mo
$621less per month with the assumable
Your Savings on This Property
5325 Crocker Street, Littleton · 3.175% VA vs 6.5% conventional
$621
per month
$7,455
per year
$223,636
over 30 years
$223,635
interest saved
How gap financing works: The equity gap ($328,435) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,750, 5% of purchase price) and a second mortgage for the rest ($291,685 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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