Loan Comparison: 4.62% vs 6.5%
8070 Mount Ouray, Littleton, CO 80125 · 3bd/3ba · $600,000
List Price
$600,000
Assumable Rate
4.62%
Remaining Balance
$472,322
Equity Gap
$129,038
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$129,038
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.62% (VA)
Blended Rate: 5.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 4.62% + gap loan
$3,188/moAssumed loan: $2,427/mo
Gap financing: $762/mo
$414less per month with the assumable
Your Savings on This Property
8070 Mount Ouray, Littleton · 4.62% VA vs 6.5% conventional
$414
per month
$4,971
per year
$149,145
over 30 years
$150,505
interest saved
How gap financing works: The equity gap ($129,038) 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 ($99,038 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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