Loan Comparison: 3.45% vs 6.5%
6733 Coors, Arvada, CO 80004 · 5bd/4ba · $699,995
List Price
$699,995
Assumable Rate
3.45%
Remaining Balance
$428,824
Equity Gap
$270,220
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$270,220
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 3.45% + gap loan
$3,722/moAssumed loan: $1,914/mo
Gap financing: $1,809/mo
$481less per month with the assumable
Your Savings on This Property
6733 Coors, Arvada · 3.45% VA vs 6.5% conventional
$481
per month
$5,771
per year
$173,132
over 30 years
$172,180
interest saved
How gap financing works: The equity gap ($270,220) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($235,220 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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