Loan Comparison: 5.51% vs 6.5%
9310 Cormorant Drive, Fountain, CO 80817 · 4bd/2ba · $339,900
List Price
$339,900
Assumable Rate
5.51%
Remaining Balance
$13,087
Equity Gap
$326,813
Loan Type
VAAdjust Your Scenario
$16,995
$16,995$326,813
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.51% (VA)
Blended Rate: 7.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,041/moAssumable @ 5.51% + gap loan
$2,241/moAssumed loan: $74/mo
Gap financing: $2,166/mo
Your Savings on This Property
9310 Cormorant Drive, Fountain · 5.51% 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 ($326,813) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,995, 5% of purchase price) and a second mortgage for the rest ($309,818 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.
🏠
Back to This Listing
View photos, details, and request a showing for 9310 Cormorant Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.