Loan Comparison: 3.72% vs 6.5%
10905 Falling Star, Fountain, CO 80817 · 5bd/2ba · $505,000
List Price
$505,000
Assumable Rate
3.72%
Remaining Balance
$317,826
Equity Gap
$247,174
Loan Type
VAAdjust Your Scenario
$25,250
$25,250$247,174
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 5.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,032/moAssumable @ 3.72% + gap loan
$3,173/moAssumed loan: $1,466/mo
Gap financing: $1,706/mo
Your Savings on This Property
10905 Falling Star, Fountain · 3.72% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$9,401
interest saved
How gap financing works: The equity gap ($247,174) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,250, 5% of purchase price) and a second mortgage for the rest ($221,924 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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