Loan Comparison: 3.41% vs 6.5%
6230 Osceola Way, Arvada, CO 80003 · 2bd/2ba · $575,000
List Price
$575,000
Assumable Rate
3.41%
Remaining Balance
$152,173
Equity Gap
$422,827
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$422,827
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.41% (VA)
Blended Rate: 6.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.41% + gap loan
$3,431/moAssumed loan: $676/mo
Gap financing: $2,755/mo
$22less per month with the assumable
Your Savings on This Property
6230 Osceola Way, Arvada · 3.41% VA vs 6.5% conventional
$22
per month
$258
per year
$7,749
over 30 years
$7,749
interest saved
How gap financing works: The equity gap ($422,827) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($394,077 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.
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