Loan Comparison: 2.89% vs 6.5%

11434 Roxbury, Littleton, CO 80127 · 4bd/4ba · $798,000

List Price
$798,000
Assumable Rate
2.89%
Remaining Balance
$545,000
Equity Gap
$315,539
Loan Type
VA

Adjust Your Scenario

$39,900
$39,900$315,539
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 4.77%

Monthly Payment Comparison

New Conventional @ 6.5%
$4,792/mo
Assumable @ 2.89% + gap loan
$4,385/mo
Assumed loan: $2,266/mo
Gap financing: $2,119/mo
$407less per month with the assumable

Your Savings on This Property

11434 Roxbury, Littleton · 2.89% VA vs 6.5% conventional

$407
per month
$4,881
per year
$146,429
over 30 years
$208,968
interest saved
How gap financing works: The equity gap ($315,539) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,900, 5% of purchase price) and a second mortgage for the rest ($275,639 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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