Loan Comparison: 2.91% vs 6.5%
9151 Roadrunner, Littleton, CO 80129 ยท 4bd/3ba ยท $699,000
List Price
$699,000
Assumable Rate
2.91%
Remaining Balance
$487,727
Equity Gap
$255,318
Loan Type
VAAdjust Your Scenario
$34,950
$34,950$255,318
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.91% (VA)
Blended Rate: 4.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,197/moAssumable @ 2.91% + gap loan
$3,727/moAssumed loan: $2,033/mo
Gap financing: $1,694/mo
$470less per month with the assumable
Your Savings on This Property
9151 Roadrunner, Littleton ยท 2.91% VA vs 6.5% conventional
$470
per month
$5,642
per year
$169,247
over 30 years
$213,292
interest saved
How gap financing works: The equity gap ($255,318) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,950, 5% of purchase price) and a second mortgage for the rest ($220,368 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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