Loan Comparison: 2.9% vs 6.5%
7234 Kendall, Littleton, CO 80128 · 4bd/3ba · $885,000
List Price
$885,000
Assumable Rate
2.9%
Remaining Balance
$541,294
Equity Gap
$343,706
Loan Type
VAAdjust Your Scenario
$44,250
$44,250$343,706
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 4.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,314/moAssumable @ 2.9% + gap loan
$4,556/moAssumed loan: $2,253/mo
Gap financing: $2,303/mo
$759less per month with the assumable
Your Savings on This Property
7234 Kendall, Littleton · 2.9% VA vs 6.5% conventional
$759
per month
$9,102
per year
$273,070
over 30 years
$273,070
interest saved
How gap financing works: The equity gap ($343,706) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,250, 5% of purchase price) and a second mortgage for the rest ($299,456 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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