Loan Comparison: 2.74% vs 6.5%
1551 Ancestra, Fountain, CO 80817 · 3bd/2ba · $380,000
List Price
$380,000
Assumable Rate
2.74%
Remaining Balance
$214,212
Equity Gap
$197,909
Loan Type
VAAdjust Your Scenario
$19,000
$19,000$197,909
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 5.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,282/moAssumable @ 2.74% + gap loan
$2,249/moAssumed loan: $873/mo
Gap financing: $1,376/mo
$33less per month with the assumable
Your Savings on This Property
1551 Ancestra, Fountain · 2.74% VA vs 6.5% conventional
$33
per month
$393
per year
$11,787
over 30 years
$43,908
interest saved
How gap financing works: The equity gap ($197,909) 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 ($178,909 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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