Loan Comparison: 2.66% vs 6.5%
13399 84th Place, Arvada, CO 80005 · 5bd/3ba · $931,000
List Price
$931,000
Assumable Rate
2.66%
Remaining Balance
$481,998
Equity Gap
$449,001
Loan Type
VAAdjust Your Scenario
$46,550
$46,550$449,001
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,590/moAssumable @ 2.66% + gap loan
$4,759/moAssumed loan: $1,945/mo
Gap financing: $2,814/mo
$832less per month with the assumable
Your Savings on This Property
13399 84th Place, Arvada · 2.66% VA vs 6.5% conventional
$832
per month
$9,978
per year
$299,346
over 30 years
$299,345
interest saved
How gap financing works: The equity gap ($449,001) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,550, 5% of purchase price) and a second mortgage for the rest ($402,451 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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