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
$290,085
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: 4.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.68% + gap loan
$2,047/moAssumed loan: $1,174/mo
Gap financing: $874/mo
$504less per month with the assumable
Your Savings on This Property
8318 Silver Glen, Fountain · 2.68% VA vs 6.5% conventional
$504
per month
$6,054
per year
$181,612
over 30 years
$181,611
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.
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