Loan Comparison: 3.35% vs 6.5%
8791 Pierce Way, Arvada, CO 80003 · 4bd/4ba · $220,000
List Price
$220,000
Assumable Rate
3.35%
Remaining Balance
$59,834
Equity Gap
$160,165
Loan Type
FHAAdjust Your Scenario
$11,000
$11,000$160,165
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (FHA)
Blended Rate: 6.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,321/moAssumable @ 3.35% + gap loan
$1,307/moAssumed loan: $264/mo
Gap financing: $1,043/mo
$14less per month with the assumable
Your Savings on This Property
8791 Pierce Way, Arvada · 3.35% FHA vs 6.5% conventional
$14
per month
$172
per year
$5,163
over 30 years
$5,162
interest saved
How gap financing works: The equity gap ($160,165) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,000, 5% of purchase price) and a second mortgage for the rest ($149,165 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 8791 Pierce Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.