Loan Comparison: 2.99% vs 6.5%
8336 87th, Arvada, CO 80005 · 2bd/2ba · $327,900
List Price
$327,900
Assumable Rate
2.99%
Remaining Balance
$235,186
Equity Gap
$92,714
Loan Type
VAAdjust Your Scenario
$16,395
$16,395$92,714
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,969/moAssumable @ 2.99% + gap loan
$1,577/moAssumed loan: $990/mo
Gap financing: $587/mo
$392less per month with the assumable
Your Savings on This Property
8336 87th, Arvada · 2.99% VA vs 6.5% conventional
$392
per month
$4,702
per year
$141,052
over 30 years
$141,052
interest saved
How gap financing works: The equity gap ($92,714) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,395, 5% of purchase price) and a second mortgage for the rest ($76,319 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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