Loan Comparison: 2.66% vs 6.5%
10382 Buck Rake, Fountain, CO 80817 · 4bd/3ba · $530,000
List Price
$530,000
Assumable Rate
2.66%
Remaining Balance
$37,679
Equity Gap
$492,320
Loan Type
VAAdjust Your Scenario
$26,500
$26,500$492,320
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (VA)
Blended Rate: 8.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 2.66% + gap loan
$3,734/moAssumed loan: $152/mo
Gap financing: $3,582/mo
Your Savings on This Property
10382 Buck Rake, Fountain · 2.66% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($492,320) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($465,820 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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