Loan Comparison: 3.39% vs 6.5%
7930 Enclave Lane, Fountain, CO 80817 · 3bd/3ba · $449,999
List Price
$449,999
Assumable Rate
3.39%
Remaining Balance
$164,814
Equity Gap
$285,185
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$285,185
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.39% (VA)
Blended Rate: 5.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.39% + gap loan
$2,567/moAssumed loan: $730/mo
Gap financing: $1,837/mo
$135less per month with the assumable
Your Savings on This Property
7930 Enclave Lane, Fountain · 3.39% VA vs 6.5% conventional
$135
per month
$1,624
per year
$48,725
over 30 years
$48,725
interest saved
How gap financing works: The equity gap ($285,185) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($262,685 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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