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
$213,370
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: 5.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,282/moAssumable @ 2.74% + gap loan
$2,246/moAssumed loan: $870/mo
Gap financing: $1,376/mo
$36less per month with the assumable
Your Savings on This Property
1551 Ancestra, Fountain · 2.74% VA vs 6.5% conventional
$36
per month
$434
per year
$13,023
over 30 years
$44,302
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.
🏠
Back to This Listing
View photos, details, and request a showing for 1551 Ancestra.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.