Loan Comparison: 2.81% vs 6.5%
7609 Harlan, Arvada, CO 80003 · 3bd/2ba · $525,000
List Price
$525,000
Assumable Rate
2.81%
Remaining Balance
$277,209
Equity Gap
$247,157
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$247,157
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 5.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.81% + gap loan
$2,839/moAssumed loan: $1,141/mo
Gap financing: $1,699/mo
$313less per month with the assumable
Your Savings on This Property
7609 Harlan, Arvada · 2.81% VA vs 6.5% conventional
$313
per month
$3,760
per year
$112,804
over 30 years
$112,170
interest saved
How gap financing works: The equity gap ($247,157) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($220,907 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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