Loan Comparison: 3.66% vs 6.5%
15335 Arapahoe Drive, Golden, CO 80403 · 2bd/2ba · $488,000
List Price
$488,000
Assumable Rate
3.66%
Remaining Balance
$154,406
Equity Gap
$333,594
Loan Type
VAAdjust Your Scenario
$24,400
$24,400$333,594
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.66% (VA)
Blended Rate: 6.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,930/moAssumable @ 3.66% + gap loan
$2,869/moAssumed loan: $707/mo
Gap financing: $2,162/mo
$61less per month with the assumable
Your Savings on This Property
15335 Arapahoe Drive, Golden · 3.66% VA vs 6.5% conventional
$61
per month
$733
per year
$22,004
over 30 years
$22,004
interest saved
How gap financing works: The equity gap ($333,594) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,400, 5% of purchase price) and a second mortgage for the rest ($309,194 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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