Loan Comparison: 3.31% vs 6.5%
5690 80th, Arvada, CO 80003 · 2bd/2ba · $264,500
List Price
$264,500
Assumable Rate
3.31%
Remaining Balance
$224,445
Equity Gap
$40,055
Loan Type
VAAdjust Your Scenario
$13,225
$13,225$40,055
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 3.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,588/moAssumable @ 3.31% + gap loan
$1,191/moAssumed loan: $984/mo
Gap financing: $206/mo
$398less per month with the assumable
Your Savings on This Property
5690 80th, Arvada · 3.31% VA vs 6.5% conventional
$398
per month
$4,773
per year
$143,181
over 30 years
$143,181
interest saved
How gap financing works: The equity gap ($40,055) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,225, 5% of purchase price) and a second mortgage for the rest ($26,830 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.