Loan Comparison: 3.77% vs 6.5%
7222 Araia, Fountain, CO 80817 · 4bd/4ba · $444,000
List Price
$444,000
Assumable Rate
3.77%
Remaining Balance
$352,704
Equity Gap
$191,296
Loan Type
VAAdjust Your Scenario
$22,200
$22,200$191,296
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (VA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,666/moAssumable @ 3.77% + gap loan
$2,938/moAssumed loan: $1,637/mo
Gap financing: $1,300/mo
Your Savings on This Property
7222 Araia, Fountain · 3.77% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$2,234
interest saved
How gap financing works: The equity gap ($191,296) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,200, 5% of purchase price) and a second mortgage for the rest ($169,096 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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