Loan Comparison: 5.23% vs 6.5%
18870 85th Drive, Arvada, CO 80007 · 4bd/2ba · $997,500
List Price
$997,500
Assumable Rate
5.23%
Remaining Balance
$600,754
Equity Gap
$396,746
Loan Type
VAAdjust Your Scenario
$49,875
$49,875$396,746
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 6.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,990/moAssumable @ 5.23% + gap loan
$5,735/moAssumed loan: $3,310/mo
Gap financing: $2,425/mo
$254less per month with the assumable
Your Savings on This Property
18870 85th Drive, Arvada · 5.23% VA vs 6.5% conventional
$254
per month
$3,052
per year
$91,553
over 30 years
$91,553
interest saved
How gap financing works: The equity gap ($396,746) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,875, 5% of purchase price) and a second mortgage for the rest ($346,871 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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