Loan Comparison: 3.08% vs 6.5%
7225 Millbrook, Fountain, CO 80817 · 3bd/2ba · $430,000
List Price
$430,000
Assumable Rate
3.08%
Remaining Balance
$358,356
Equity Gap
$73,206
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$73,206
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 3.08% + gap loan
$1,924/moAssumed loan: $1,526/mo
Gap financing: $398/mo
$658less per month with the assumable
Your Savings on This Property
7225 Millbrook, Fountain · 3.08% VA vs 6.5% conventional
$658
per month
$7,897
per year
$236,907
over 30 years
$238,469
interest saved
How gap financing works: The equity gap ($73,206) 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 ($51,706 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7225 Millbrook.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.