Loan Comparison: 2.67% vs 6.5%
18785 84th Place, Arvada, CO 80205 · 2bd/3ba · $775,000
List Price
$775,000
Assumable Rate
2.67%
Remaining Balance
$402,881
Equity Gap
$372,118
Loan Type
FHAAdjust Your Scenario
$38,750
$38,750$372,118
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.67% (FHA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.67% + gap loan
$3,959/moAssumed loan: $1,628/mo
Gap financing: $2,331/mo
$695less per month with the assumable
Your Savings on This Property
18785 84th Place, Arvada · 2.67% FHA vs 6.5% conventional
$695
per month
$8,339
per year
$250,178
over 30 years
$250,177
interest saved
How gap financing works: The equity gap ($372,118) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($333,368 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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