Loan Comparison: 3.23% vs 6.5%
5670 71st, Arvada, CO 80003 · 3bd/4ba · $519,000
List Price
$519,000
Assumable Rate
3.23%
Remaining Balance
$343,097
Equity Gap
$174,374
Loan Type
VAAdjust Your Scenario
$25,950
$25,950$174,374
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,116/moAssumable @ 3.23% + gap loan
$2,631/moAssumed loan: $1,489/mo
Gap financing: $1,141/mo
$486less per month with the assumable
Your Savings on This Property
5670 71st, Arvada · 3.23% VA vs 6.5% conventional
$486
per month
$5,829
per year
$174,867
over 30 years
$173,338
interest saved
How gap financing works: The equity gap ($174,374) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,950, 5% of purchase price) and a second mortgage for the rest ($148,424 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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