Loan Comparison: 4.62% vs 6.5%
8070 Mount Ouray, Littleton, CO 80125 · 3bd/3ba · $590,000
List Price
$590,000
Assumable Rate
4.62%
Remaining Balance
$470,277
Equity Gap
$119,038
Loan Type
VAAdjust Your Scenario
$29,500
$29,500$119,038
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.62% (VA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,543/moAssumable @ 4.62% + gap loan
$3,105/moAssumed loan: $2,416/mo
Gap financing: $688/mo
$438less per month with the assumable
Your Savings on This Property
8070 Mount Ouray, Littleton · 4.62% VA vs 6.5% conventional
$438
per month
$5,254
per year
$157,608
over 30 years
$156,923
interest saved
How gap financing works: The equity gap ($119,038) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,500, 5% of purchase price) and a second mortgage for the rest ($89,538 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.
🏠
Back to This Listing
View photos, details, and request a showing for 8070 Mount Ouray.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.