Loan Comparison: 3.1% vs 6.5%
5325 Crocker, Littleton, CO 80120 · 6bd/3ba · $1,249,000
List Price
$1,249,000
Assumable Rate
3.1%
Remaining Balance
$472,369
Equity Gap
$841,188
Loan Type
VAAdjust Your Scenario
$62,450
$62,450$841,188
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (VA)
Blended Rate: 6.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,500/moAssumable @ 3.1% + gap loan
$8,005/moAssumed loan: $2,017/mo
Gap financing: $5,988/mo
Your Savings on This Property
5325 Crocker, Littleton · 3.1% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($841,188) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($62,450, 5% of purchase price) and a second mortgage for the rest ($778,738 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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