Loan Comparison: 3.09% vs 6.5%
7444 Primavera Lane, Fountain, CO 80817 · 3bd/1ba · $410,000
List Price
$410,000
Assumable Rate
3.09%
Remaining Balance
$381,391
Equity Gap
$28,609
Loan Type
VAAdjust Your Scenario
$20,500
$20,500$28,609
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.09% (VA)
Blended Rate: 3.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 3.09% + gap loan
$1,683/moAssumed loan: $1,627/mo
Gap financing: $57/mo
$779less per month with the assumable
Your Savings on This Property
7444 Primavera Lane, Fountain · 3.09% VA vs 6.5% conventional
$779
per month
$9,344
per year
$280,323
over 30 years
$280,323
interest saved
How gap financing works: The equity gap ($28,609) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($8,109 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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