Loan Comparison: 3.76% vs 6.5%
10895 Lavanya, Fountain, CO 80817 · 5bd/4ba · $499,900
List Price
$499,900
Assumable Rate
3.76%
Remaining Balance
$400,886
Equity Gap
$98,264
Loan Type
VAAdjust Your Scenario
$24,995
$24,995$98,264
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.76% + gap loan
$2,422/moAssumed loan: $1,859/mo
Gap financing: $563/mo
$580less per month with the assumable
Your Savings on This Property
10895 Lavanya, Fountain · 3.76% VA vs 6.5% conventional
$580
per month
$6,954
per year
$208,622
over 30 years
$207,872
interest saved
How gap financing works: The equity gap ($98,264) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($73,269 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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