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
$257,273
Equity Gap
$247,726
Loan Type
VAAdjust Your Scenario
$25,250
$25,250$247,726
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 5.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,032/moAssumable @ 3.72% + gap loan
$2,898/moAssumed loan: $1,187/mo
Gap financing: $1,711/mo
$135less per month with the assumable
Your Savings on This Property
10905 Falling Star, Fountain · 3.72% VA vs 6.5% conventional
$135
per month
$1,615
per year
$48,457
over 30 years
$48,456
interest saved
How gap financing works: The equity gap ($247,726) 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 ($222,476 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.
🏠
Back to This Listing
View photos, details, and request a showing for 10905 Falling Star.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.