Loan Comparison: 3.53% vs 6.5%
8412 Newland, Arvada, CO 80003 · 3bd/3ba · $615,000
List Price
$615,000
Assumable Rate
3.53%
Remaining Balance
$243,893
Equity Gap
$440,478
Loan Type
VAAdjust Your Scenario
$30,750
$30,750$440,478
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.53% (VA)
Blended Rate: 6.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 3.53% + gap loan
$4,250/moAssumed loan: $1,099/mo
Gap financing: $3,150/mo
Your Savings on This Property
8412 Newland, Arvada · 3.53% 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 ($440,478) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($409,728 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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