Loan Comparison: 3.45% vs 6.5%
8528 Fenton, Arvada, CO 80003 · 4bd/2ba · $559,000
List Price
$559,000
Assumable Rate
3.45%
Remaining Balance
$433,130
Equity Gap
$200,158
Loan Type
FHAAdjust Your Scenario
$27,950
$27,950$200,158
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,357/moAssumable @ 3.45% + gap loan
$3,257/moAssumed loan: $1,933/mo
Gap financing: $1,324/mo
$100less per month with the assumable
Your Savings on This Property
8528 Fenton, Arvada · 3.45% FHA vs 6.5% conventional
$100
per month
$1,195
per year
$35,852
over 30 years
$110,140
interest saved
How gap financing works: The equity gap ($200,158) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,950, 5% of purchase price) and a second mortgage for the rest ($172,208 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.
🏠
Back to This Listing
View photos, details, and request a showing for 8528 Fenton.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.