Loan Comparison: 3.52% vs 6.5%
7060 Roaring Spring, Fountain, CO 80817 · 4bd/2ba · $299,000
List Price
$299,000
Assumable Rate
3.52%
Remaining Balance
$250,776
Equity Gap
$259,409
Loan Type
VAAdjust Your Scenario
$14,950
$14,950$259,409
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.52% (VA)
Blended Rate: 5.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,795/moAssumable @ 3.52% + gap loan
$3,009/moAssumed loan: $1,129/mo
Gap financing: $1,880/mo
Your Savings on This Property
7060 Roaring Spring, Fountain · 3.52% 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 ($259,409) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,950, 5% of purchase price) and a second mortgage for the rest ($244,459 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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