Loan Comparison: 4.44% vs 6.5%
8024 Campground, Fountain, CO 80817 · 5bd/4ba · $490,000
List Price
$490,000
Assumable Rate
4.44%
Remaining Balance
$286,220
Equity Gap
$203,779
Loan Type
VAAdjust Your Scenario
$24,500
$24,500$203,779
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.44% (VA)
Blended Rate: 6.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 4.44% + gap loan
$2,819/moAssumed loan: $1,440/mo
Gap financing: $1,379/mo
$124less per month with the assumable
Your Savings on This Property
8024 Campground, Fountain · 4.44% VA vs 6.5% conventional
$124
per month
$1,485
per year
$44,542
over 30 years
$44,541
interest saved
How gap financing works: The equity gap ($203,779) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,500, 5% of purchase price) and a second mortgage for the rest ($179,279 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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