Loan Comparison: 3.08% vs 6.5%
10763 Calista, Fountain, CO 80817 · 3bd/3ba · $460,000
List Price
$460,000
Assumable Rate
3.08%
Remaining Balance
$384,240
Equity Gap
$75,760
Loan Type
VAAdjust Your Scenario
$23,000
$23,000$75,760
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 3.08% + gap loan
$2,042/moAssumed loan: $1,637/mo
Gap financing: $406/mo
$720less per month with the assumable
Your Savings on This Property
10763 Calista, Fountain · 3.08% VA vs 6.5% conventional
$720
per month
$8,638
per year
$259,150
over 30 years
$259,150
interest saved
How gap financing works: The equity gap ($75,760) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,000, 5% of purchase price) and a second mortgage for the rest ($52,760 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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