Loan Comparison: 2.84% vs 6.5%
8627 Fremont, Littleton, CO 80128 · 4bd/4ba · $629,000
List Price
$629,000
Assumable Rate
2.84%
Remaining Balance
$480,720
Equity Gap
$148,280
Loan Type
VAAdjust Your Scenario
$31,450
$31,450$148,280
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,777/moAssumable @ 2.84% + gap loan
$2,884/moAssumed loan: $1,985/mo
Gap financing: $898/mo
$893less per month with the assumable
Your Savings on This Property
8627 Fremont, Littleton · 2.84% VA vs 6.5% conventional
$893
per month
$10,717
per year
$321,520
over 30 years
$321,520
interest saved
How gap financing works: The equity gap ($148,280) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,450, 5% of purchase price) and a second mortgage for the rest ($116,830 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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