Loan Comparison: 3.69% vs 6.5%
5858 Pierson, Arvada, CO 80004 · 5bd/2ba · $585,000
List Price
$585,000
Assumable Rate
3.69%
Remaining Balance
$307,350
Equity Gap
$277,650
Loan Type
VAAdjust Your Scenario
$29,250
$29,250$277,650
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,513/moAssumable @ 3.69% + gap loan
$3,323/moAssumed loan: $1,413/mo
Gap financing: $1,910/mo
$190less per month with the assumable
Your Savings on This Property
5858 Pierson, Arvada · 3.69% VA vs 6.5% conventional
$190
per month
$2,278
per year
$68,326
over 30 years
$68,326
interest saved
How gap financing works: The equity gap ($277,650) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,250, 5% of purchase price) and a second mortgage for the rest ($248,400 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.
🏠
Back to This Listing
View photos, details, and request a showing for 5858 Pierson.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.