09/02/2026
🏡 What if your mortgage rate started with a 2?
Some FHA and VA loans may be assumed by a qualified buyer—potentially allowing the buyer to take over the seller’s existing mortgage and interest rate.
Here’s one current Arvada example:
• Purchase price: $400,000
• Advertised FHA rate: 2.75%
• Estimated remaining balance: $346,328
• Estimated equity gap: $53,672
• Estimated assumable payment: $2,497/month
• Estimated market-rate payment: $3,525/month
That’s an estimated difference of $1,028 per month—more than $12,000 per year.
Of course, a low rate doesn’t automatically make a home a great deal. The price, condition, equity gap, HOA, secondary-financing costs and loan-servicer requirements all matter.
Curious how an assumable mortgage works—or whether one could make sense for you? Send me a message. I’m happy to help you compare the full picture.
Jon Marquez, REALTOR®
ABR® | PSA | Compass
Property and loan figures are based on current advertising and third-party UMe estimates. Rates, balances, payments, availability, assumption eligibility and secondary financing require verification with the loan servicer.