Loan Comparison: 3.23% vs 6.5%
9140 Fig, Arvada, CO 80005 · 4bd/5ba · $975,000
List Price
$975,000
Assumable Rate
3.23%
Remaining Balance
$330,453
Equity Gap
$644,547
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$644,547
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 6.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 3.23% + gap loan
$6,016/moAssumed loan: $1,435/mo
Gap financing: $4,581/mo
Your Savings on This Property
9140 Fig, Arvada · 3.23% 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 ($644,547) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($595,797 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.