Loan Comparison: 3.02% vs 6.5%
8871 Southurst, Littleton, CO 80129 · 3bd/3ba · $689,000
List Price
$689,000
Assumable Rate
3.02%
Remaining Balance
$415,768
Equity Gap
$272,268
Loan Type
VAAdjust Your Scenario
$34,450
$34,450$272,268
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 5.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,137/moAssumable @ 3.02% + gap loan
$3,586/moAssumed loan: $1,757/mo
Gap financing: $1,829/mo
$551less per month with the assumable
Your Savings on This Property
8871 Southurst, Littleton · 3.02% VA vs 6.5% conventional
$551
per month
$6,614
per year
$198,433
over 30 years
$197,469
interest saved
How gap financing works: The equity gap ($272,268) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,450, 5% of purchase price) and a second mortgage for the rest ($237,818 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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