Loan Comparison: 2.68% vs 6.5%
8318 Silver Glen, Fountain, CO 80817 · 3bd/3ba · $425,000
List Price
$425,000
Assumable Rate
2.68%
Remaining Balance
$291,447
Equity Gap
$134,914
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$134,914
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.68% + gap loan
$2,053/moAssumed loan: $1,179/mo
Gap financing: $874/mo
$499less per month with the assumable
Your Savings on This Property
8318 Silver Glen, Fountain · 2.68% VA vs 6.5% conventional
$499
per month
$5,988
per year
$179,629
over 30 years
$180,990
interest saved
How gap financing works: The equity gap ($134,914) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($113,664 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 8318 Silver Glen.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.