Loan Comparison: 6.26% vs 6.5%
7777 Candlelight Lane, Fountain, CO 80817 · 6bd/4ba · $489,995
List Price
$489,995
Assumable Rate
6.26%
Remaining Balance
$433,399
Equity Gap
$56,595
Loan Type
VAAdjust Your Scenario
$24,500
$24,500$56,595
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.26% (VA)
Blended Rate: 6.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 6.26% + gap loan
$2,896/moAssumed loan: $2,671/mo
Gap financing: $224/mo
$47less per month with the assumable
Your Savings on This Property
7777 Candlelight Lane, Fountain · 6.26% VA vs 6.5% conventional
$47
per month
$558
per year
$16,741
over 30 years
$16,740
interest saved
How gap financing works: The equity gap ($56,595) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,500, 5% of purchase price) and a second mortgage for the rest ($32,095 at 7.5%). 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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