Loan Comparison: 4.17% vs 6.5%
1040 Ancestra, Fountain, CO 80817 · 4bd/3ba · $430,000
List Price
$430,000
Assumable Rate
4.17%
Remaining Balance
$347,840
Equity Gap
$82,160
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$82,160
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 4.17% + gap loan
$2,161/moAssumed loan: $1,695/mo
Gap financing: $466/mo
$421less per month with the assumable
Your Savings on This Property
1040 Ancestra, Fountain · 4.17% VA vs 6.5% conventional
$421
per month
$5,048
per year
$151,439
over 30 years
$151,439
interest saved
How gap financing works: The equity gap ($82,160) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($60,660 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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