Loan Comparison: 5.52% vs 6.5%
111 Mojave, Fountain, CO 80817 · 3bd/2ba · $312,500
List Price
$312,500
Assumable Rate
5.52%
Remaining Balance
$276,862
Equity Gap
$35,638
Loan Type
VAAdjust Your Scenario
$15,625
$15,625$35,638
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,876/moAssumable @ 5.52% + gap loan
$1,729/moAssumed loan: $1,575/mo
Gap financing: $154/mo
$147less per month with the assumable
Your Savings on This Property
111 Mojave, Fountain · 5.52% VA vs 6.5% conventional
$147
per month
$1,765
per year
$52,957
over 30 years
$52,957
interest saved
How gap financing works: The equity gap ($35,638) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,625, 5% of purchase price) and a second mortgage for the rest ($20,013 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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