Loan Comparison: 3.89% vs 6.5%
934 Square Dance Lane, Fountain, CO 80817 · 3bd/1ba · $410,000
List Price
$410,000
Assumable Rate
3.89%
Remaining Balance
$292,860
Equity Gap
$117,140
Loan Type
VAAdjust Your Scenario
$20,500
$20,500$117,140
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.89% (VA)
Blended Rate: 4.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 3.89% + gap loan
$2,055/moAssumed loan: $1,380/mo
Gap financing: $676/mo
$407less per month with the assumable
Your Savings on This Property
934 Square Dance Lane, Fountain · 3.89% VA vs 6.5% conventional
$407
per month
$4,878
per year
$146,352
over 30 years
$146,352
interest saved
How gap financing works: The equity gap ($117,140) 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 ($96,640 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.
🏠
Back to This Listing
View photos, details, and request a showing for 934 Square Dance Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.