Loan Comparison: 2.68% vs 6.5%
8181 Wagon Spoke, Fountain, CO 80817 · 4bd/3ba · $490,000
List Price
$490,000
Assumable Rate
2.68%
Remaining Balance
$348,086
Equity Gap
$142,730
Loan Type
VAAdjust Your Scenario
$24,500
$24,500$142,730
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 2.68% + gap loan
$2,317/moAssumed loan: $1,408/mo
Gap financing: $909/mo
$625less per month with the assumable
Your Savings on This Property
8181 Wagon Spoke, Fountain · 2.68% VA vs 6.5% conventional
$625
per month
$7,500
per year
$225,012
over 30 years
$225,828
interest saved
How gap financing works: The equity gap ($142,730) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,500, 5% of purchase price) and a second mortgage for the rest ($118,230 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 8181 Wagon Spoke.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.