Loan Comparison: 2.5% vs 6.5%
4702 Dudley Street, Littleton, CO 80123 · 5bd/4ba · $499,000
List Price
$499,000
Assumable Rate
2.5%
Remaining Balance
$251,404
Equity Gap
$247,595
Loan Type
VAAdjust Your Scenario
$24,950
$24,950$247,595
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,996/moAssumable @ 2.5% + gap loan
$2,550/moAssumed loan: $993/mo
Gap financing: $1,557/mo
$446less per month with the assumable
Your Savings on This Property
4702 Dudley Street, Littleton · 2.5% VA vs 6.5% conventional
$446
per month
$5,354
per year
$160,633
over 30 years
$160,632
interest saved
How gap financing works: The equity gap ($247,595) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,950, 5% of purchase price) and a second mortgage for the rest ($222,645 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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