Loan Comparison: 2.96% vs 6.5%
753 Harvest Field Way, Fountain, CO 80817 · 4bd/3ba · $430,000
List Price
$430,000
Assumable Rate
2.96%
Remaining Balance
$392,621
Equity Gap
$37,378
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$37,378
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 3.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 2.96% + gap loan
$1,758/moAssumed loan: $1,647/mo
Gap financing: $111/mo
$824less per month with the assumable
Your Savings on This Property
753 Harvest Field Way, Fountain · 2.96% VA vs 6.5% conventional
$824
per month
$9,890
per year
$296,686
over 30 years
$296,685
interest saved
How gap financing works: The equity gap ($37,378) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($15,878 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 753 Harvest Field Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.