Loan Comparison: 3.08% vs 6.5%
7471 Willow Pines, Fountain, CO 80817 · 4bd/4ba · $469,000
List Price
$469,000
Assumable Rate
3.08%
Remaining Balance
$375,913
Equity Gap
$92,267
Loan Type
VAAdjust Your Scenario
$23,450
$23,450$92,267
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,816/moAssumable @ 3.08% + gap loan
$2,130/moAssumed loan: $1,601/mo
Gap financing: $529/mo
$686less per month with the assumable
Your Savings on This Property
7471 Willow Pines, Fountain · 3.08% VA vs 6.5% conventional
$686
per month
$8,231
per year
$246,926
over 30 years
$246,106
interest saved
How gap financing works: The equity gap ($92,267) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,450, 5% of purchase price) and a second mortgage for the rest ($68,817 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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