Loan Comparison: 3.18% vs 6.5%
9828 Eagle River, Littleton, CO 80125 · 5bd/4ba · $925,000
List Price
$925,000
Assumable Rate
3.18%
Remaining Balance
$514,515
Equity Gap
$411,643
Loan Type
VAAdjust Your Scenario
$46,250
$46,250$411,643
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 5.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,554/moAssumable @ 3.18% + gap loan
$5,029/moAssumed loan: $2,219/mo
Gap financing: $2,810/mo
$525less per month with the assumable
Your Savings on This Property
9828 Eagle River, Littleton · 3.18% VA vs 6.5% conventional
$525
per month
$6,303
per year
$189,093
over 30 years
$190,251
interest saved
How gap financing works: The equity gap ($411,643) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,250, 5% of purchase price) and a second mortgage for the rest ($365,393 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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