Loan Comparison: 3.6% vs 6.5%
924 White Stone Way, Fountain, CO 80817 · 4bd/3ba · $439,000
List Price
$439,000
Assumable Rate
3.6%
Remaining Balance
$283,582
Equity Gap
$155,417
Loan Type
VAAdjust Your Scenario
$21,950
$21,950$155,417
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 3.6% + gap loan
$2,223/moAssumed loan: $1,289/mo
Gap financing: $933/mo
$414less per month with the assumable
Your Savings on This Property
924 White Stone Way, Fountain · 3.6% VA vs 6.5% conventional
$414
per month
$4,962
per year
$148,870
over 30 years
$148,869
interest saved
How gap financing works: The equity gap ($155,417) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($133,467 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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