Loan Comparison: 3.08% vs 6.5%
7471 Willow Pines Place, Fountain, CO 80817 · 4bd/3ba · $424,900
List Price
$424,900
Assumable Rate
3.08%
Remaining Balance
$370,951
Equity Gap
$53,948
Loan Type
VAAdjust Your Scenario
$21,245
$21,245$53,948
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,551/moAssumable @ 3.08% + gap loan
$1,809/moAssumed loan: $1,580/mo
Gap financing: $229/mo
$743less per month with the assumable
Your Savings on This Property
7471 Willow Pines Place, Fountain · 3.08% VA vs 6.5% conventional
$743
per month
$8,913
per year
$267,377
over 30 years
$267,376
interest saved
How gap financing works: The equity gap ($53,948) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,245, 5% of purchase price) and a second mortgage for the rest ($32,703 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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