Loan Comparison: 3.45% vs 6.5%
6733 Coors, Arvada, CO 80004 · 5bd/4ba · $725,000
List Price
$725,000
Assumable Rate
3.45%
Remaining Balance
$613,824
Equity Gap
$295,225
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$295,225
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 4.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 3.45% + gap loan
$4,731/moAssumed loan: $2,739/mo
Gap financing: $1,991/mo
Your Savings on This Property
6733 Coors, Arvada · 3.45% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$48,269
interest saved
How gap financing works: The equity gap ($295,225) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($258,975 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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