Loan Comparison: 7.79% vs 6.5%
1530 Leigh Lane, Fountain, CO 80817 · 4bd/2ba · $375,000
List Price
$375,000
Assumable Rate
7.79%
Remaining Balance
$330,016
Equity Gap
$44,984
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$44,984
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.79% (VA)
Blended Rate: 7.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 7.79% + gap loan
$2,557/moAssumed loan: $2,373/mo
Gap financing: $183/mo
Your Savings on This Property
1530 Leigh Lane, Fountain · 7.79% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($44,984) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($26,234 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 1530 Leigh Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.