Loan Comparison: 3.96% vs 6.5%
826 Marshall, Fountain, CO 80817 · 3bd/2ba · $389,900
List Price
$389,900
Assumable Rate
3.96%
Remaining Balance
$344,381
Equity Gap
$45,519
Loan Type
VAAdjust Your Scenario
$19,495
$19,495$45,519
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.96% (VA)
Blended Rate: 4.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,341/moAssumable @ 3.96% + gap loan
$1,836/moAssumed loan: $1,636/mo
Gap financing: $200/mo
$505less per month with the assumable
Your Savings on This Property
826 Marshall, Fountain · 3.96% VA vs 6.5% conventional
$505
per month
$6,059
per year
$181,769
over 30 years
$181,769
interest saved
How gap financing works: The equity gap ($45,519) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,495, 5% of purchase price) and a second mortgage for the rest ($26,024 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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