Loan Comparison: 4.875% vs 6.5%
16676 93rd, Arvada, CO 80007 · 5bd/4ba · $1,084,000
List Price
$1,084,000
Assumable Rate
4.875%
Remaining Balance
$733,950
Equity Gap
$329,597
Loan Type
VAAdjust Your Scenario
$54,200
$54,200$329,597
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.875% (VA)
Blended Rate: 5.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,509/moAssumable @ 4.875% + gap loan
$6,002/moAssumed loan: $3,884/mo
Gap financing: $2,118/mo
$507less per month with the assumable
Your Savings on This Property
16676 93rd, Arvada · 4.875% VA vs 6.5% conventional
$507
per month
$6,088
per year
$182,645
over 30 years
$162,192
interest saved
How gap financing works: The equity gap ($329,597) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($54,200, 5% of purchase price) and a second mortgage for the rest ($275,397 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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