Loan Comparison: 3.67% vs 6.5%
7875 87th, Arvada, CO 80005 · 2bd/2ba · $335,000
List Price
$335,000
Assumable Rate
3.67%
Remaining Balance
$122,268
Equity Gap
$212,731
Loan Type
FHAAdjust Your Scenario
$16,750
$16,750$212,731
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (FHA)
Blended Rate: 6.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 3.67% + gap loan
$2,068/moAssumed loan: $561/mo
Gap financing: $1,507/mo
Your Savings on This Property
7875 87th, Arvada · 3.67% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($212,731) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($195,981 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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