Loan Comparison: 2.68% vs 6.5%
6908 Nova, Littleton, CO 80128 · 4bd/3ba · $889,000
List Price
$889,000
Assumable Rate
2.68%
Remaining Balance
$425,484
Equity Gap
$463,516
Loan Type
VAAdjust Your Scenario
$44,450
$44,450$463,516
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,338/moAssumable @ 2.68% + gap loan
$4,944/moAssumed loan: $1,721/mo
Gap financing: $3,222/mo
$395less per month with the assumable
Your Savings on This Property
6908 Nova, Littleton · 2.68% VA vs 6.5% conventional
$395
per month
$4,735
per year
$142,060
over 30 years
$142,060
interest saved
How gap financing works: The equity gap ($463,516) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,450, 5% of purchase price) and a second mortgage for the rest ($419,066 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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