Loan Comparison: 3.06% vs 6.5%
1395 Lords Hill, Fountain, CO 80817 · 2bd/2ba · $335,000
List Price
$335,000
Assumable Rate
3.06%
Remaining Balance
$252,050
Equity Gap
$82,950
Loan Type
VAAdjust Your Scenario
$16,750
$16,750$82,950
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 3.06% + gap loan
$1,580/moAssumed loan: $1,071/mo
Gap financing: $509/mo
$432less per month with the assumable
Your Savings on This Property
1395 Lords Hill, Fountain · 3.06% VA vs 6.5% conventional
$432
per month
$5,181
per year
$155,415
over 30 years
$155,415
interest saved
How gap financing works: The equity gap ($82,950) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($66,200 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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