Loan Comparison: 3.57% vs 6.5%
14206 74th, Arvada, CO 80007 · 2bd/1ba · $865,000
List Price
$865,000
Assumable Rate
3.57%
Remaining Balance
$463,421
Equity Gap
$558,407
Loan Type
FHAAdjust Your Scenario
$43,250
$43,250$558,407
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (FHA)
Blended Rate: 6.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,194/moAssumable @ 3.57% + gap loan
$6,060/moAssumed loan: $2,099/mo
Gap financing: $3,961/mo
Your Savings on This Property
14206 74th, Arvada · 3.57% 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 ($558,407) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,250, 5% of purchase price) and a second mortgage for the rest ($515,157 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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