Loan Comparison: 3.27% vs 6.5%
5405 Lowell, Littleton, CO 80123 · 2bd/2ba · $700,000
List Price
$700,000
Assumable Rate
3.27%
Remaining Balance
$538,348
Equity Gap
$161,652
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$161,652
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (VA)
Blended Rate: 4.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 3.27% + gap loan
$3,323/moAssumed loan: $2,349/mo
Gap financing: $974/mo
$881less per month with the assumable
Your Savings on This Property
5405 Lowell, Littleton · 3.27% VA vs 6.5% conventional
$881
per month
$10,567
per year
$317,005
over 30 years
$317,005
interest saved
How gap financing works: The equity gap ($161,652) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($126,652 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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