Loan Comparison: 2.84% vs 6.5%
8114 Pinfeather, Fountain, CO 80817 · 5bd/4ba · $450,000
List Price
$450,000
Assumable Rate
2.84%
Remaining Balance
$374,010
Equity Gap
$76,816
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$76,816
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 3.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.84% + gap loan
$1,962/moAssumed loan: $1,545/mo
Gap financing: $418/mo
$740less per month with the assumable
Your Savings on This Property
8114 Pinfeather, Fountain · 2.84% VA vs 6.5% conventional
$740
per month
$8,876
per year
$266,291
over 30 years
$267,117
interest saved
How gap financing works: The equity gap ($76,816) 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 ($54,316 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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