Loan Comparison: 3.43% vs 6.5%
9145 Ellis Way, Arvada, CO 80005 · 5bd/3ba · $729,900
List Price
$729,900
Assumable Rate
3.43%
Remaining Balance
$239,214
Equity Gap
$490,686
Loan Type
VAAdjust Your Scenario
$36,495
$36,495$490,686
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.43% (VA)
Blended Rate: 6.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,383/moAssumable @ 3.43% + gap loan
$4,241/moAssumed loan: $1,065/mo
Gap financing: $3,176/mo
$142less per month with the assumable
Your Savings on This Property
9145 Ellis Way, Arvada · 3.43% VA vs 6.5% conventional
$142
per month
$1,706
per year
$51,181
over 30 years
$51,181
interest saved
How gap financing works: The equity gap ($490,686) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,495, 5% of purchase price) and a second mortgage for the rest ($454,191 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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