Loan Comparison: 3.08% vs 6.5%
4760 Wadsworth, Littleton, CO 80123 · 2bd/2ba · $340,000
List Price
$340,000
Assumable Rate
3.08%
Remaining Balance
$268,696
Equity Gap
$71,304
Loan Type
VAAdjust Your Scenario
$17,000
$17,000$71,304
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,042/moAssumable @ 3.08% + gap loan
$1,562/moAssumed loan: $1,144/mo
Gap financing: $418/mo
$480less per month with the assumable
Your Savings on This Property
4760 Wadsworth, Littleton · 3.08% VA vs 6.5% conventional
$480
per month
$5,755
per year
$172,645
over 30 years
$172,645
interest saved
How gap financing works: The equity gap ($71,304) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,000, 5% of purchase price) and a second mortgage for the rest ($54,304 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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