Loan Comparison: 3.57% vs 6.5%
4555 65th, Arvada, CO 80003 · 4bd/2ba · $535,000
List Price
$535,000
Assumable Rate
3.57%
Remaining Balance
$137,427
Equity Gap
$396,602
Loan Type
FHAAdjust Your Scenario
$26,750
$26,750$396,602
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (FHA)
Blended Rate: 7.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.57% + gap loan
$3,466/moAssumed loan: $622/mo
Gap financing: $2,844/mo
Your Savings on This Property
4555 65th, Arvada · 3.57% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($396,602) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($369,852 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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