Loan Comparison: 2.94% vs 6.5%
9677 Bennett Peak, Littleton, CO 80125 · 3bd/3ba · $555,000
List Price
$555,000
Assumable Rate
2.94%
Remaining Balance
$402,303
Equity Gap
$151,759
Loan Type
VAAdjust Your Scenario
$27,750
$27,750$151,759
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 4.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,333/moAssumable @ 2.94% + gap loan
$2,637/moAssumed loan: $1,683/mo
Gap financing: $954/mo
$696less per month with the assumable
Your Savings on This Property
9677 Bennett Peak, Littleton · 2.94% VA vs 6.5% conventional
$696
per month
$8,351
per year
$250,532
over 30 years
$249,594
interest saved
How gap financing works: The equity gap ($151,759) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,750, 5% of purchase price) and a second mortgage for the rest ($124,009 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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