Loan Comparison: 4.22% vs 6.5%
9431 Avenida Hermosa, Fountain, CO 80817 · 4bd/3ba · $439,900
List Price
$439,900
Assumable Rate
4.22%
Remaining Balance
$352,901
Equity Gap
$86,999
Loan Type
VAAdjust Your Scenario
$21,995
$21,995$86,999
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.22% (VA)
Blended Rate: 4.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,641/moAssumable @ 4.22% + gap loan
$2,230/moAssumed loan: $1,730/mo
Gap financing: $500/mo
$412less per month with the assumable
Your Savings on This Property
9431 Avenida Hermosa, Fountain · 4.22% VA vs 6.5% conventional
$412
per month
$4,941
per year
$148,230
over 30 years
$148,230
interest saved
How gap financing works: The equity gap ($86,999) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,995, 5% of purchase price) and a second mortgage for the rest ($65,004 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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