Loan Comparison: 3.69% vs 6.5%
5565 76th, Arvada, CO 80003 · 2bd/2ba · $279,900
List Price
$279,900
Assumable Rate
3.69%
Remaining Balance
$217,773
Equity Gap
$62,126
Loan Type
VAAdjust Your Scenario
$13,995
$13,995$62,126
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,681/moAssumable @ 3.69% + gap loan
$1,371/moAssumed loan: $1,001/mo
Gap financing: $370/mo
$309less per month with the assumable
Your Savings on This Property
5565 76th, Arvada · 3.69% VA vs 6.5% conventional
$309
per month
$3,714
per year
$111,411
over 30 years
$111,410
interest saved
How gap financing works: The equity gap ($62,126) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,995, 5% of purchase price) and a second mortgage for the rest ($48,131 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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