Loan Comparison: 3.75% vs 6.5%
18984 85th Bluff, Arvada, CO 80007 · 4bd/5ba · $1,100,000
List Price
$1,100,000
Assumable Rate
3.75%
Remaining Balance
$692,234
Equity Gap
$407,766
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$407,766
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 5.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 3.75% + gap loan
$5,672/moAssumed loan: $3,206/mo
Gap financing: $2,467/mo
$933less per month with the assumable
Your Savings on This Property
18984 85th Bluff, Arvada · 3.75% VA vs 6.5% conventional
$933
per month
$11,192
per year
$335,763
over 30 years
$335,763
interest saved
How gap financing works: The equity gap ($407,766) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($352,766 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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