Loan Comparison: 2.99% vs 6.5%
5436 Everett, Littleton, CO 80123 · 4bd/3ba · $1,100,000
List Price
$1,100,000
Assumable Rate
2.99%
Remaining Balance
$660,730
Equity Gap
$440,740
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$440,740
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 5.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 2.99% + gap loan
$5,748/moAssumed loan: $2,782/mo
Gap financing: $2,966/mo
$857less per month with the assumable
Your Savings on This Property
5436 Everett, Littleton · 2.99% VA vs 6.5% conventional
$857
per month
$10,284
per year
$308,521
over 30 years
$309,991
interest saved
How gap financing works: The equity gap ($440,740) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($385,740 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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