Loan Comparison: 2.99% vs 6.5%
8336 87th, Arvada, CO 80005 · 2bd/2ba · $334,500
List Price
$334,500
Assumable Rate
2.99%
Remaining Balance
$236,209
Equity Gap
$98,291
Loan Type
VAAdjust Your Scenario
$16,725
$16,725$98,291
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 4.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,009/moAssumable @ 2.99% + gap loan
$1,622/moAssumed loan: $995/mo
Gap financing: $627/mo
$387less per month with the assumable
Your Savings on This Property
8336 87th, Arvada · 2.99% VA vs 6.5% conventional
$387
per month
$4,641
per year
$139,244
over 30 years
$139,244
interest saved
How gap financing works: The equity gap ($98,291) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,725, 5% of purchase price) and a second mortgage for the rest ($81,566 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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