Loan Comparison: 3.05% vs 6.5%
10605 Darneal, Fountain, CO 80817 · 7bd/5ba · $764,900
List Price
$764,900
Assumable Rate
3.05%
Remaining Balance
$442,951
Equity Gap
$321,949
Loan Type
VAAdjust Your Scenario
$38,245
$38,245$321,949
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (VA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,593/moAssumable @ 3.05% + gap loan
$4,061/moAssumed loan: $1,879/mo
Gap financing: $2,181/mo
$532less per month with the assumable
Your Savings on This Property
10605 Darneal, Fountain · 3.05% VA vs 6.5% conventional
$532
per month
$6,385
per year
$191,538
over 30 years
$191,538
interest saved
How gap financing works: The equity gap ($321,949) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,245, 5% of purchase price) and a second mortgage for the rest ($283,704 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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