Loan Comparison: 2.88% vs 6.5%
7664 Bison, Littleton, CO 80125 · 3bd/4ba · $725,000
List Price
$725,000
Assumable Rate
2.88%
Remaining Balance
$347,491
Equity Gap
$377,509
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$377,509
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 5.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 2.88% + gap loan
$4,067/moAssumed loan: $1,443/mo
Gap financing: $2,624/mo
$287less per month with the assumable
Your Savings on This Property
7664 Bison, Littleton · 2.88% VA vs 6.5% conventional
$287
per month
$3,441
per year
$103,226
over 30 years
$103,226
interest saved
How gap financing works: The equity gap ($377,509) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($341,259 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7664 Bison.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.