Loan Comparison: 2.75% vs 6.5%
14295 84th Place, Arvada, CO 80005 · 1bd/1ba · $680,000
List Price
$680,000
Assumable Rate
2.75%
Remaining Balance
$99,126
Equity Gap
$580,874
Loan Type
VAAdjust Your Scenario
$34,000
$34,000$580,874
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 6.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,083/moAssumable @ 2.75% + gap loan
$4,228/moAssumed loan: $405/mo
Gap financing: $3,824/mo
Your Savings on This Property
14295 84th Place, Arvada · 2.75% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($580,874) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,000, 5% of purchase price) and a second mortgage for the rest ($546,874 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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