Loan Comparison: 3.43% vs 6.5%
9145 Ellis, Arvada, CO 80005 · 4bd/3ba · $739,900
List Price
$739,900
Assumable Rate
3.43%
Remaining Balance
$354,460
Equity Gap
$499,794
Loan Type
VAAdjust Your Scenario
$36,995
$36,995$499,794
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.43% (VA)
Blended Rate: 6.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,443/moAssumable @ 3.43% + gap loan
$5,136/moAssumed loan: $1,578/mo
Gap financing: $3,559/mo
Your Savings on This Property
9145 Ellis, Arvada · 3.43% 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 ($499,794) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,995, 5% of purchase price) and a second mortgage for the rest ($462,799 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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