Loan Comparison: 2.77% vs 6.5%
6823 Big Horn, Littleton, CO 80125 · 4bd/3ba · $899,000
List Price
$899,000
Assumable Rate
2.77%
Remaining Balance
$687,519
Equity Gap
$238,978
Loan Type
VAAdjust Your Scenario
$44,950
$44,950$238,978
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,398/moAssumable @ 2.77% + gap loan
$4,306/moAssumed loan: $2,814/mo
Gap financing: $1,492/mo
$1,092less per month with the assumable
Your Savings on This Property
6823 Big Horn, Littleton · 2.77% VA vs 6.5% conventional
$1,092
per month
$13,107
per year
$393,208
over 30 years
$420,705
interest saved
How gap financing works: The equity gap ($238,978) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,950, 5% of purchase price) and a second mortgage for the rest ($194,028 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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