Loan Comparison: 3.5% vs 6.5%
10725 Traders Parkway, Fountain, CO 80817 · 5bd/3ba · $435,000
List Price
$435,000
Assumable Rate
3.5%
Remaining Balance
$269,958
Equity Gap
$165,042
Loan Type
VAAdjust Your Scenario
$21,750
$21,750$165,042
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.5% (VA)
Blended Rate: 4.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.5% + gap loan
$2,214/moAssumed loan: $1,212/mo
Gap financing: $1,002/mo
$398less per month with the assumable
Your Savings on This Property
10725 Traders Parkway, Fountain · 3.5% VA vs 6.5% conventional
$398
per month
$4,774
per year
$143,233
over 30 years
$143,233
interest saved
How gap financing works: The equity gap ($165,042) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($143,292 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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