Loan Comparison: 3.51% vs 6.5%
5389 Coors, Arvada, CO 80002 · 4bd/4ba · $1,200,000
List Price
$1,200,000
Assumable Rate
3.51%
Remaining Balance
$855,932
Equity Gap
$474,866
Loan Type
VAAdjust Your Scenario
$60,000
$60,000$474,866
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.51% (VA)
Blended Rate: 5.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,206/moAssumable @ 3.51% + gap loan
$7,038/moAssumed loan: $3,848/mo
Gap financing: $3,190/mo
$167less per month with the assumable
Your Savings on This Property
5389 Coors, Arvada · 3.51% VA vs 6.5% conventional
$167
per month
$2,008
per year
$60,235
over 30 years
$191,033
interest saved
How gap financing works: The equity gap ($474,866) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($60,000, 5% of purchase price) and a second mortgage for the rest ($414,866 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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