Loan Comparison: 5.22% vs 6.5%
5889 Fair, Littleton, CO 80123 · 4bd/3ba · $650,000
List Price
$650,000
Assumable Rate
5.22%
Remaining Balance
$481,420
Equity Gap
$167,883
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$167,883
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (VA)
Blended Rate: 5.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 5.22% + gap loan
$3,690/moAssumed loan: $2,649/mo
Gap financing: $1,041/mo
$213less per month with the assumable
Your Savings on This Property
5889 Fair, Littleton · 5.22% VA vs 6.5% conventional
$213
per month
$2,551
per year
$76,522
over 30 years
$75,825
interest saved
How gap financing works: The equity gap ($167,883) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($135,383 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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