Loan Comparison: 3.47% vs 6.5%
6599 Oak, Littleton, CO 80127 · 4bd/4ba · $950,000
List Price
$950,000
Assumable Rate
3.47%
Remaining Balance
$454,031
Equity Gap
$495,969
Loan Type
VAAdjust Your Scenario
$47,500
$47,500$495,969
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 3.47% + gap loan
$5,480/moAssumed loan: $2,031/mo
Gap financing: $3,448/mo
$225less per month with the assumable
Your Savings on This Property
6599 Oak, Littleton · 3.47% VA vs 6.5% conventional
$225
per month
$2,698
per year
$80,953
over 30 years
$80,953
interest saved
How gap financing works: The equity gap ($495,969) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,500, 5% of purchase price) and a second mortgage for the rest ($448,469 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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