Loan Comparison: 2.9% vs 6.5%
7234 Kendall, Littleton, CO 80128 · 4bd/3ba · $845,000
List Price
$845,000
Assumable Rate
2.9%
Remaining Balance
$538,962
Equity Gap
$301,386
Loan Type
VAAdjust Your Scenario
$42,250
$42,250$301,386
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 4.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,074/moAssumable @ 2.9% + gap loan
$4,236/moAssumed loan: $2,243/mo
Gap financing: $1,993/mo
$838less per month with the assumable
Your Savings on This Property
7234 Kendall, Littleton · 2.9% VA vs 6.5% conventional
$838
per month
$10,057
per year
$301,706
over 30 years
$297,054
interest saved
How gap financing works: The equity gap ($301,386) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,250, 5% of purchase price) and a second mortgage for the rest ($259,136 at 8.5%). 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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