Loan Comparison: 5.52% vs 6.5%
7814 Pinfeather, Fountain, CO 80817 · 5bd/4ba · $635,000
List Price
$635,000
Assumable Rate
5.52%
Remaining Balance
$575,517
Equity Gap
$59,482
Loan Type
VAAdjust Your Scenario
$31,750
$31,750$59,482
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,813/moAssumable @ 5.52% + gap loan
$3,488/moAssumed loan: $3,275/mo
Gap financing: $213/mo
$325less per month with the assumable
Your Savings on This Property
7814 Pinfeather, Fountain · 5.52% VA vs 6.5% conventional
$325
per month
$3,897
per year
$116,916
over 30 years
$116,915
interest saved
How gap financing works: The equity gap ($59,482) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,750, 5% of purchase price) and a second mortgage for the rest ($27,732 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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