Loan Comparison: 5.51% vs 6.5%
8512 Union Circle, Arvada, CO 80005 · 2bd/2ba · $650,000
List Price
$650,000
Assumable Rate
5.51%
Remaining Balance
$610,203
Equity Gap
$39,796
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$39,796
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.51% (VA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 5.51% + gap loan
$3,520/moAssumed loan: $3,468/mo
Gap financing: $51/mo
$384less per month with the assumable
Your Savings on This Property
8512 Union Circle, Arvada · 5.51% VA vs 6.5% conventional
$384
per month
$4,602
per year
$138,064
over 30 years
$138,063
interest saved
How gap financing works: The equity gap ($39,796) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($7,296 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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