Loan Comparison: 5.7% vs 6.5%
6328 69th, Arvada, CO 80003 · 3bd/2ba · $540,000
List Price
$540,000
Assumable Rate
5.7%
Remaining Balance
$73,992
Equity Gap
$469,534
Loan Type
VAAdjust Your Scenario
$27,000
$27,000$469,534
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.7% (VA)
Blended Rate: 8.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 5.7% + gap loan
$3,832/moAssumed loan: $429/mo
Gap financing: $3,403/mo
Your Savings on This Property
6328 69th, Arvada · 5.7% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($469,534) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($442,534 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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