Loan Comparison: 2.99% vs 6.5%
8336 87th, Arvada, CO 80005 · 2bd/2ba · $329,800
List Price
$329,800
Assumable Rate
2.99%
Remaining Balance
$235,698
Equity Gap
$93,081
Loan Type
VAAdjust Your Scenario
$16,490
$16,490$93,081
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%
$1,980/moAssumable @ 2.99% + gap loan
$1,581/moAssumed loan: $992/mo
Gap financing: $589/mo
$399less per month with the assumable
Your Savings on This Property
8336 87th, Arvada · 2.99% VA vs 6.5% conventional
$399
per month
$4,788
per year
$143,630
over 30 years
$142,609
interest saved
How gap financing works: The equity gap ($93,081) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,490, 5% of purchase price) and a second mortgage for the rest ($76,591 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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