Loan Comparison: 5.41% vs 6.5%
9798 Nova, Littleton, CO 80127 · 5bd/4ba · $620,000
List Price
$620,000
Assumable Rate
5.41%
Remaining Balance
$557,626
Equity Gap
$62,374
Loan Type
VAAdjust Your Scenario
$31,000
$31,000$62,374
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,723/moAssumable @ 5.41% + gap loan
$3,376/moAssumed loan: $3,135/mo
Gap financing: $241/mo
$347less per month with the assumable
Your Savings on This Property
9798 Nova, Littleton · 5.41% VA vs 6.5% conventional
$347
per month
$4,163
per year
$124,891
over 30 years
$124,891
interest saved
How gap financing works: The equity gap ($62,374) 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 ($31,374 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.