Loan Comparison: 3.45% vs 6.5%
389 Autumn, Fountain, CO 80817 · 3bd/3ba · $489,900
List Price
$489,900
Assumable Rate
3.45%
Remaining Balance
$433,621
Equity Gap
$57,986
Loan Type
VAAdjust Your Scenario
$24,495
$24,495$57,986
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 3.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 3.45% + gap loan
$2,193/moAssumed loan: $1,935/mo
Gap financing: $258/mo
$749less per month with the assumable
Your Savings on This Property
389 Autumn, Fountain · 3.45% VA vs 6.5% conventional
$749
per month
$8,989
per year
$269,672
over 30 years
$271,379
interest saved
How gap financing works: The equity gap ($57,986) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,495, 5% of purchase price) and a second mortgage for the rest ($33,491 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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