Loan Comparison: 5.23% vs 6.5%
12665 67th Place, Arvada, CO 80004 · 4bd/2ba · $650,000
List Price
$650,000
Assumable Rate
5.23%
Remaining Balance
$423,173
Equity Gap
$226,827
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$226,827
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 5.23% + gap loan
$3,690/moAssumed loan: $2,332/mo
Gap financing: $1,359/mo
$213less per month with the assumable
Your Savings on This Property
12665 67th Place, Arvada · 5.23% VA vs 6.5% conventional
$213
per month
$2,553
per year
$76,579
over 30 years
$76,579
interest saved
How gap financing works: The equity gap ($226,827) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($194,327 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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