Loan Comparison: 3.7% vs 6.5%
8221 Marshall, Arvada, CO 80003 · 5bd/3ba · $680,000
List Price
$680,000
Assumable Rate
3.7%
Remaining Balance
$363,072
Equity Gap
$313,041
Loan Type
VAAdjust Your Scenario
$34,000
$34,000$313,041
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.7% (VA)
Blended Rate: 5.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,083/moAssumable @ 3.7% + gap loan
$3,817/moAssumed loan: $1,671/mo
Gap financing: $2,146/mo
$266less per month with the assumable
Your Savings on This Property
8221 Marshall, Arvada · 3.7% VA vs 6.5% conventional
$266
per month
$3,197
per year
$95,910
over 30 years
$92,023
interest saved
How gap financing works: The equity gap ($313,041) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,000, 5% of purchase price) and a second mortgage for the rest ($279,041 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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