Loan Comparison: 4.34% vs 6.5%
8239 Monterey, Fountain, CO 80817 · 4bd/3ba · $425,000
List Price
$425,000
Assumable Rate
4.34%
Remaining Balance
$230,320
Equity Gap
$280,148
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$280,148
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.34% (VA)
Blended Rate: 6.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 4.34% + gap loan
$3,136/moAssumed loan: $1,145/mo
Gap financing: $1,991/mo
Your Savings on This Property
8239 Monterey, Fountain · 4.34% 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 ($280,148) 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 ($258,898 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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