Loan Comparison: 4.62% vs 6.5%
8070 Mount Ouray Road, Littleton, CO 80125 · 4bd/3ba · $575,000
List Price
$575,000
Assumable Rate
4.62%
Remaining Balance
$468,209
Equity Gap
$106,790
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$106,790
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.62% (VA)
Blended Rate: 5.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 4.62% + gap loan
$2,952/moAssumed loan: $2,406/mo
Gap financing: $546/mo
$501less per month with the assumable
Your Savings on This Property
8070 Mount Ouray Road, Littleton · 4.62% VA vs 6.5% conventional
$501
per month
$6,014
per year
$180,417
over 30 years
$180,416
interest saved
How gap financing works: The equity gap ($106,790) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($78,040 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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