Loan Comparison: 7.06% vs 6.5%
9367 Bar B Road, Fountain, CO 80817 · 4bd/3ba · $389,000
List Price
$389,000
Assumable Rate
7.06%
Remaining Balance
$339,287
Equity Gap
$49,712
Loan Type
VAAdjust Your Scenario
$19,450
$19,450$49,712
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.06% (VA)
Blended Rate: 7.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,336/moAssumable @ 7.06% + gap loan
$2,483/moAssumed loan: $2,271/mo
Gap financing: $212/mo
Your Savings on This Property
9367 Bar B Road, Fountain · 7.06% 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 ($49,712) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,450, 5% of purchase price) and a second mortgage for the rest ($30,262 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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