Loan Comparison: 3.69% vs 6.5%
5858 Pierson, Arvada, CO 80004 · 5bd/2ba · $600,000
List Price
$600,000
Assumable Rate
3.69%
Remaining Balance
$308,358
Equity Gap
$291,785
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$291,785
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.69% + gap loan
$3,430/moAssumed loan: $1,418/mo
Gap financing: $2,013/mo
$172less per month with the assumable
Your Savings on This Property
5858 Pierson, Arvada · 3.69% VA vs 6.5% conventional
$172
per month
$2,068
per year
$62,032
over 30 years
$62,175
interest saved
How gap financing works: The equity gap ($291,785) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($261,785 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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