Loan Comparison: 2.81% vs 6.5%
10757 Hidden Prairie, Fountain, CO 80817 · 3bd/3ba · $425,000
List Price
$425,000
Assumable Rate
2.81%
Remaining Balance
$294,804
Equity Gap
$131,536
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$131,536
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.81% + gap loan
$2,061/moAssumed loan: $1,213/mo
Gap financing: $848/mo
$491less per month with the assumable
Your Savings on This Property
10757 Hidden Prairie, Fountain · 2.81% VA vs 6.5% conventional
$491
per month
$5,893
per year
$176,785
over 30 years
$178,125
interest saved
How gap financing works: The equity gap ($131,536) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($110,286 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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