Loan Comparison: 2.25% vs 6.5%
4863 Flower, Arvada, CO 80002 · 6bd/3ba · $724,900
List Price
$724,900
Assumable Rate
2.25%
Remaining Balance
$438,039
Equity Gap
$285,865
Loan Type
VAAdjust Your Scenario
$36,245
$36,245$285,865
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.25% (VA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 2.25% + gap loan
$3,594/moAssumed loan: $1,674/mo
Gap financing: $1,919/mo
$759less per month with the assumable
Your Savings on This Property
4863 Flower, Arvada · 2.25% VA vs 6.5% conventional
$759
per month
$9,108
per year
$273,247
over 30 years
$272,251
interest saved
How gap financing works: The equity gap ($285,865) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,245, 5% of purchase price) and a second mortgage for the rest ($249,620 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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