Loan Comparison: 3.57% vs 6.5%
4555 65th, Arvada, CO 80003 · 4bd/2ba · $575,000
List Price
$575,000
Assumable Rate
3.57%
Remaining Balance
$137,913
Equity Gap
$437,086
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$437,086
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (FHA)
Blended Rate: 7.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.57% + gap loan
$3,764/moAssumed loan: $625/mo
Gap financing: $3,140/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 ($437,086) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($408,336 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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