Loan Comparison: 5.41% vs 6.5%
7357 BRUSH HOLLOW, Fountain, CO 80817 ยท 3bd/3ba ยท $435,000
List Price
$435,000
Assumable Rate
5.41%
Remaining Balance
$408,746
Equity Gap
$27,402
Loan Type
VAAdjust Your Scenario
$21,750
$21,750$27,402
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 5.41% + gap loan
$2,341/moAssumed loan: $2,298/mo
Gap financing: $43/mo
$271less per month with the assumable
Your Savings on This Property
7357 BRUSH HOLLOW, Fountain ยท 5.41% VA vs 6.5% conventional
$271
per month
$3,249
per year
$97,479
over 30 years
$98,627
interest saved
How gap financing works: The equity gap ($27,402) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($5,652 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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