Loan Comparison: 2.84% vs 6.5%
528 Camino Del Rey, Fountain, CO 80817 · 4bd/2ba · $365,000
List Price
$365,000
Assumable Rate
2.84%
Remaining Balance
$315,887
Equity Gap
$49,113
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$49,113
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 3.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 2.84% + gap loan
$1,542/moAssumed loan: $1,305/mo
Gap financing: $237/mo
$650less per month with the assumable
Your Savings on This Property
528 Camino Del Rey, Fountain · 2.84% VA vs 6.5% conventional
$650
per month
$7,796
per year
$233,891
over 30 years
$233,891
interest saved
How gap financing works: The equity gap ($49,113) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($30,863 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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