Loan Comparison: 5.25% vs 6.5%
8337 Parkglen, Fountain, CO 80817 · 3bd/2ba · $380,000
List Price
$380,000
Assumable Rate
5.25%
Remaining Balance
$131,732
Equity Gap
$247,501
Loan Type
VAAdjust Your Scenario
$19,000
$19,000$247,501
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (VA)
Blended Rate: 7.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,282/moAssumable @ 5.25% + gap loan
$2,484/moAssumed loan: $727/mo
Gap financing: $1,757/mo
Your Savings on This Property
8337 Parkglen, Fountain · 5.25% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($247,501) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,000, 5% of purchase price) and a second mortgage for the rest ($228,501 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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