Loan Comparison: 5.41% vs 6.5%
9798 Nova Avenue, Littleton, CO 80127 · 2bd/1ba · $620,000
List Price
$620,000
Assumable Rate
5.41%
Remaining Balance
$555,215
Equity Gap
$64,784
Loan Type
VAAdjust Your Scenario
$31,000
$31,000$64,784
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,723/moAssumable @ 5.41% + gap loan
$3,357/moAssumed loan: $3,121/mo
Gap financing: $236/mo
$365less per month with the assumable
Your Savings on This Property
9798 Nova Avenue, Littleton · 5.41% VA vs 6.5% conventional
$365
per month
$4,386
per year
$131,576
over 30 years
$131,575
interest saved
How gap financing works: The equity gap ($64,784) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,000, 5% of purchase price) and a second mortgage for the rest ($33,784 at 7.5%). 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 9798 Nova Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.