Loan Comparison: 2.74% vs 6.5%
7526 Routt, Arvada, CO 80005 · 4bd/5ba · $1,099,000
List Price
$1,099,000
Assumable Rate
2.74%
Remaining Balance
$387,497
Equity Gap
$710,596
Loan Type
VAAdjust Your Scenario
$54,950
$54,950$710,596
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 6.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,599/moAssumable @ 2.74% + gap loan
$6,621/moAssumed loan: $1,580/mo
Gap financing: $5,041/mo
Your Savings on This Property
7526 Routt, Arvada · 2.74% 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 ($710,596) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($54,950, 5% of purchase price) and a second mortgage for the rest ($655,646 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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