Loan Comparison: 5.41% vs 6.5%
6286 Benton, Littleton, CO 80123 · 3bd/3ba · $799,000
List Price
$799,000
Assumable Rate
5.41%
Remaining Balance
$607,137
Equity Gap
$191,863
Loan Type
VAAdjust Your Scenario
$39,950
$39,950$191,863
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 5.41% + gap loan
$4,581/moAssumed loan: $3,413/mo
Gap financing: $1,168/mo
$217less per month with the assumable
Your Savings on This Property
6286 Benton, Littleton · 5.41% VA vs 6.5% conventional
$217
per month
$2,599
per year
$77,969
over 30 years
$77,969
interest saved
How gap financing works: The equity gap ($191,863) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($151,913 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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