Loan Comparison: 3.69% vs 6.5%
7392 Little Jimmy, Fountain, CO 80817 · 3bd/3ba · $300,000
List Price
$300,000
Assumable Rate
3.69%
Remaining Balance
$107,012
Equity Gap
$192,689
Loan Type
VAAdjust Your Scenario
$15,000
$15,000$192,689
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 3.69% + gap loan
$1,858/moAssumed loan: $492/mo
Gap financing: $1,366/mo
Your Savings on This Property
7392 Little Jimmy, Fountain · 3.69% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($192,689) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,000, 5% of purchase price) and a second mortgage for the rest ($177,689 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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