Loan Comparison: 6.95% vs 6.5%
7533 Sistine Lane, Fountain, CO 80817 · 5bd/3ba · $422,499
List Price
$422,499
Assumable Rate
6.95%
Remaining Balance
$394,918
Equity Gap
$27,581
Loan Type
VAAdjust Your Scenario
$21,125
$21,125$27,581
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.95% (VA)
Blended Rate: 6.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,537/moAssumable @ 6.95% + gap loan
$2,659/moAssumed loan: $2,614/mo
Gap financing: $45/mo
Your Savings on This Property
7533 Sistine Lane, Fountain · 6.95% 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 ($27,581) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,125, 5% of purchase price) and a second mortgage for the rest ($6,456 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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