Loan Comparison: 6.76% vs 6.5%
8501 Union Avenue, Littleton, CO 80127 · 2bd/2ba · $599,999
List Price
$599,999
Assumable Rate
6.76%
Remaining Balance
$514,201
Equity Gap
$85,798
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$85,798
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.76% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 6.76% + gap loan
$3,729/moAssumed loan: $3,339/mo
Gap financing: $390/mo
Your Savings on This Property
8501 Union Avenue, Littleton · 6.76% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($85,798) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($55,798 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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