Loan Comparison: 3.45% vs 6.5%
10725 Traders Parkway, Fountain, CO 80817 · 4bd/3ba · $435,000
List Price
$435,000
Assumable Rate
3.45%
Remaining Balance
$269,669
Equity Gap
$165,331
Loan Type
VAAdjust Your Scenario
$21,750
$21,750$165,331
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.45% + gap loan
$2,207/moAssumed loan: $1,203/mo
Gap financing: $1,004/mo
$405less per month with the assumable
Your Savings on This Property
10725 Traders Parkway, Fountain · 3.45% VA vs 6.5% conventional
$405
per month
$4,856
per year
$145,678
over 30 years
$145,678
interest saved
How gap financing works: The equity gap ($165,331) 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 ($143,581 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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