Loan Comparison: 3.08% vs 6.5%
7471 Willow Pines, Fountain, CO 80817 · 4bd/4ba · $489,000
List Price
$489,000
Assumable Rate
3.08%
Remaining Balance
$375,913
Equity Gap
$113,087
Loan Type
VAAdjust Your Scenario
$24,450
$24,450$113,087
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 4.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,936/moAssumable @ 3.08% + gap loan
$2,283/moAssumed loan: $1,601/mo
Gap financing: $682/mo
$654less per month with the assumable
Your Savings on This Property
7471 Willow Pines, Fountain · 3.08% VA vs 6.5% conventional
$654
per month
$7,843
per year
$235,296
over 30 years
$235,296
interest saved
How gap financing works: The equity gap ($113,087) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,450, 5% of purchase price) and a second mortgage for the rest ($88,637 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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