Loan Comparison: 3.58% vs 6.5%
10694 Delaney Lane, Fountain, CO 80817 · 3bd/3ba · $450,000
List Price
$450,000
Assumable Rate
3.58%
Remaining Balance
$218,943
Equity Gap
$231,056
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$231,056
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.58% (VA)
Blended Rate: 5.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.58% + gap loan
$2,451/moAssumed loan: $993/mo
Gap financing: $1,458/mo
$251less per month with the assumable
Your Savings on This Property
10694 Delaney Lane, Fountain · 3.58% VA vs 6.5% conventional
$251
per month
$3,011
per year
$90,317
over 30 years
$90,316
interest saved
How gap financing works: The equity gap ($231,056) 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 ($208,556 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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