Loan Comparison: 3.31% vs 6.5%
5690 80th, Arvada, CO 80003 · 2bd/2ba · $279,000
List Price
$279,000
Assumable Rate
3.31%
Remaining Balance
$226,476
Equity Gap
$52,523
Loan Type
VAAdjust Your Scenario
$13,950
$13,950$52,523
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 4.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,675/moAssumable @ 3.31% + gap loan
$1,290/moAssumed loan: $993/mo
Gap financing: $297/mo
$386less per month with the assumable
Your Savings on This Property
5690 80th, Arvada · 3.31% VA vs 6.5% conventional
$386
per month
$4,627
per year
$138,813
over 30 years
$138,812
interest saved
How gap financing works: The equity gap ($52,523) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,950, 5% of purchase price) and a second mortgage for the rest ($38,573 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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