Loan Comparison: 3.45% vs 6.5%
6962 Fargo, Littleton, CO 80125 · 3bd/3ba · $715,000
List Price
$715,000
Assumable Rate
3.45%
Remaining Balance
$343,335
Equity Gap
$371,665
Loan Type
VAAdjust Your Scenario
$35,750
$35,750$371,665
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,293/moAssumable @ 3.45% + gap loan
$4,115/moAssumed loan: $1,532/mo
Gap financing: $2,583/mo
$178less per month with the assumable
Your Savings on This Property
6962 Fargo, Littleton · 3.45% VA vs 6.5% conventional
$178
per month
$2,139
per year
$64,176
over 30 years
$64,176
interest saved
How gap financing works: The equity gap ($371,665) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,750, 5% of purchase price) and a second mortgage for the rest ($335,915 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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