Loan Comparison: 3.08% vs 6.5%
7250 Medicine Bow, Fountain, CO 80817 · 4bd/3ba · $419,900
List Price
$419,900
Assumable Rate
3.08%
Remaining Balance
$196,836
Equity Gap
$223,063
Loan Type
VAAdjust Your Scenario
$20,995
$20,995$223,063
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,521/moAssumable @ 3.08% + gap loan
$2,392/moAssumed loan: $838/mo
Gap financing: $1,554/mo
$129less per month with the assumable
Your Savings on This Property
7250 Medicine Bow, Fountain · 3.08% VA vs 6.5% conventional
$129
per month
$1,551
per year
$46,526
over 30 years
$46,525
interest saved
How gap financing works: The equity gap ($223,063) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,995, 5% of purchase price) and a second mortgage for the rest ($202,068 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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