Loan Comparison: 2.88% vs 6.5%
4866 Dudley, Littleton, CO 80123 · 1bd/1ba · $235,000
List Price
$235,000
Assumable Rate
2.88%
Remaining Balance
$183,927
Equity Gap
$51,072
Loan Type
VAAdjust Your Scenario
$11,750
$11,750$51,072
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,411/moAssumable @ 2.88% + gap loan
$1,066/moAssumed loan: $764/mo
Gap financing: $302/mo
$345less per month with the assumable
Your Savings on This Property
4866 Dudley, Littleton · 2.88% VA vs 6.5% conventional
$345
per month
$4,142
per year
$124,254
over 30 years
$124,253
interest saved
How gap financing works: The equity gap ($51,072) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,750, 5% of purchase price) and a second mortgage for the rest ($39,322 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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