Loan Comparison: 3.31% vs 6.5%
5690 80th, Arvada, CO 80003 · 2bd/2ba · $270,000
List Price
$270,000
Assumable Rate
3.31%
Remaining Balance
$225,971
Equity Gap
$44,029
Loan Type
VAAdjust Your Scenario
$13,500
$13,500$44,029
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 3.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,621/moAssumable @ 3.31% + gap loan
$1,226/moAssumed loan: $991/mo
Gap financing: $235/mo
$396less per month with the assumable
Your Savings on This Property
5690 80th, Arvada · 3.31% VA vs 6.5% conventional
$396
per month
$4,747
per year
$142,422
over 30 years
$142,422
interest saved
How gap financing works: The equity gap ($44,029) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,500, 5% of purchase price) and a second mortgage for the rest ($30,529 at 8.5%). 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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