Loan Comparison: 2.81% vs 6.5%
12162 Lake, Littleton, CO 80127 · 4bd/3ba · $725,000
List Price
$725,000
Assumable Rate
2.81%
Remaining Balance
$563,194
Equity Gap
$286,806
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$286,806
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 2.81% + gap loan
$4,244/moAssumed loan: $2,317/mo
Gap financing: $1,927/mo
$110less per month with the assumable
Your Savings on This Property
12162 Lake, Littleton · 2.81% VA vs 6.5% conventional
$110
per month
$1,316
per year
$39,485
over 30 years
$164,485
interest saved
How gap financing works: The equity gap ($286,806) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($250,556 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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