Loan Comparison: 4.17% vs 6.5%
8371 Upham, Littleton, CO 80128 · 3bd/2ba · $420,000
List Price
$420,000
Assumable Rate
4.17%
Remaining Balance
$398,666
Equity Gap
$21,334
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$21,334
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 4.17% + gap loan
$1,945/moAssumed loan: $1,943/mo
Gap financing: $3/mo
$577less per month with the assumable
Your Savings on This Property
8371 Upham, Littleton · 4.17% VA vs 6.5% conventional
$577
per month
$6,922
per year
$207,652
over 30 years
$207,652
interest saved
How gap financing works: The equity gap ($21,334) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($334 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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