Loan Comparison: 3.11% vs 6.5%
5325 Crocker Street, Littleton, CO 80129 · 4bd/5ba · $735,000
List Price
$735,000
Assumable Rate
3.11%
Remaining Balance
$406,139
Equity Gap
$328,860
Loan Type
VAAdjust Your Scenario
$36,750
$36,750$328,860
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.11% (VA)
Blended Rate: 4.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 3.11% + gap loan
$3,779/moAssumed loan: $1,736/mo
Gap financing: $2,042/mo
$634less per month with the assumable
Your Savings on This Property
5325 Crocker Street, Littleton · 3.11% VA vs 6.5% conventional
$634
per month
$7,613
per year
$228,403
over 30 years
$228,402
interest saved
How gap financing works: The equity gap ($328,860) 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 ($292,110 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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