Loan Comparison: 3.23% vs 6.5%
7866 Stockton, Fountain, CO 80817 · 3bd/3ba · $445,000
List Price
$445,000
Assumable Rate
3.23%
Remaining Balance
$317,950
Equity Gap
$127,050
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$127,050
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.23% + gap loan
$2,186/moAssumed loan: $1,380/mo
Gap financing: $806/mo
$486less per month with the assumable
Your Savings on This Property
7866 Stockton, Fountain · 3.23% VA vs 6.5% conventional
$486
per month
$5,832
per year
$174,958
over 30 years
$174,958
interest saved
How gap financing works: The equity gap ($127,050) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($104,800 at 8.5%). 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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