Loan Comparison: 5.84% vs 6.5%
8549 Eldora, Arvada, CO 80007 · 4bd/4ba · $930,000
List Price
$930,000
Assumable Rate
5.84%
Remaining Balance
$732,611
Equity Gap
$297,389
Loan Type
VAAdjust Your Scenario
$46,500
$46,500$297,389
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.84% (VA)
Blended Rate: 6.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,584/moAssumable @ 5.84% + gap loan
$6,246/moAssumed loan: $4,317/mo
Gap financing: $1,929/mo
Your Savings on This Property
8549 Eldora, Arvada · 5.84% 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 ($297,389) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,500, 5% of purchase price) and a second mortgage for the rest ($250,889 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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