Loan Comparison: 2.81% vs 6.5%
8307 Shadow Run, Fountain, CO 80817 · 4bd/4ba · $499,900
List Price
$499,900
Assumable Rate
2.81%
Remaining Balance
$364,195
Equity Gap
$136,535
Loan Type
VAAdjust Your Scenario
$24,995
$24,995$136,535
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.81% + gap loan
$2,356/moAssumed loan: $1,498/mo
Gap financing: $858/mo
$646less per month with the assumable
Your Savings on This Property
8307 Shadow Run, Fountain · 2.81% VA vs 6.5% conventional
$646
per month
$7,748
per year
$232,446
over 30 years
$233,276
interest saved
How gap financing works: The equity gap ($136,535) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($111,540 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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