Loan Comparison: 2.88% vs 6.5%
7936 Marshall, Arvada, CO 80003 · 3bd/2ba · $565,000
List Price
$565,000
Assumable Rate
2.88%
Remaining Balance
$499,133
Equity Gap
$65,866
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$65,866
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 2.88% + gap loan
$2,361/moAssumed loan: $2,072/mo
Gap financing: $289/mo
$1,031less per month with the assumable
Your Savings on This Property
7936 Marshall, Arvada · 2.88% VA vs 6.5% conventional
$1,031
per month
$12,374
per year
$371,229
over 30 years
$371,228
interest saved
How gap financing works: The equity gap ($65,866) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($37,616 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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