Loan Comparison: 2.76% vs 6.5%
10430 Cooper, Littleton, CO 80127 · 4bd/4ba · $899,900
List Price
$899,900
Assumable Rate
2.76%
Remaining Balance
$601,450
Equity Gap
$298,450
Loan Type
VAAdjust Your Scenario
$44,995
$44,995$298,450
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 4.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 2.76% + gap loan
$4,407/moAssumed loan: $2,459/mo
Gap financing: $1,949/mo
$996less per month with the assumable
Your Savings on This Property
10430 Cooper, Littleton · 2.76% VA vs 6.5% conventional
$996
per month
$11,954
per year
$358,624
over 30 years
$358,624
interest saved
How gap financing works: The equity gap ($298,450) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,995, 5% of purchase price) and a second mortgage for the rest ($253,455 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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