Loan Comparison: 4.17% vs 6.5%
1040 Ancestra, Fountain, CO 80817 · 4bd/3ba · $450,000
List Price
$450,000
Assumable Rate
4.17%
Remaining Balance
$350,296
Equity Gap
$100,314
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$100,314
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.17% + gap loan
$2,305/moAssumed loan: $1,707/mo
Gap financing: $598/mo
$397less per month with the assumable
Your Savings on This Property
1040 Ancestra, Fountain · 4.17% VA vs 6.5% conventional
$397
per month
$4,763
per year
$142,880
over 30 years
$143,490
interest saved
How gap financing works: The equity gap ($100,314) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($77,814 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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