Loan Comparison: 3.08% vs 6.5%
10763 Calista, Fountain, CO 80817 · 3bd/3ba · $450,000
List Price
$450,000
Assumable Rate
3.08%
Remaining Balance
$383,396
Equity Gap
$66,604
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$66,604
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.08% + gap loan
$1,972/moAssumed loan: $1,633/mo
Gap financing: $339/mo
$730less per month with the assumable
Your Savings on This Property
10763 Calista, Fountain · 3.08% VA vs 6.5% conventional
$730
per month
$8,760
per year
$262,788
over 30 years
$262,788
interest saved
How gap financing works: The equity gap ($66,604) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($44,104 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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