Loan Comparison: 4.14% vs 6.5%
8384 Cedar Chase, Fountain, CO 80817 · 3bd/2ba · $395,000
List Price
$395,000
Assumable Rate
4.14%
Remaining Balance
$218,312
Equity Gap
$176,688
Loan Type
VAAdjust Your Scenario
$19,750
$19,750$176,688
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.14% (VA)
Blended Rate: 5.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,372/moAssumable @ 4.14% + gap loan
$2,267/moAssumed loan: $1,060/mo
Gap financing: $1,207/mo
$105less per month with the assumable
Your Savings on This Property
8384 Cedar Chase, Fountain · 4.14% VA vs 6.5% conventional
$105
per month
$1,262
per year
$37,860
over 30 years
$37,860
interest saved
How gap financing works: The equity gap ($176,688) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,750, 5% of purchase price) and a second mortgage for the rest ($156,938 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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