Loan Comparison: 6.35% vs 6.5%
11136 Berry Farm Road, Fountain, CO 80817 · 4bd/2ba · $429,000
List Price
$429,000
Assumable Rate
6.35%
Remaining Balance
$397,681
Equity Gap
$31,319
Loan Type
VAAdjust Your Scenario
$21,450
$21,450$31,319
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.35% (VA)
Blended Rate: 6.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,576/moAssumable @ 6.35% + gap loan
$2,544/moAssumed loan: $2,475/mo
Gap financing: $69/mo
$32less per month with the assumable
Your Savings on This Property
11136 Berry Farm Road, Fountain · 6.35% VA vs 6.5% conventional
$32
per month
$390
per year
$11,691
over 30 years
$11,691
interest saved
How gap financing works: The equity gap ($31,319) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,450, 5% of purchase price) and a second mortgage for the rest ($9,869 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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