Loan Comparison: 3.45% vs 6.5%
10725 Traders, Fountain, CO 80817 · 4bd/3ba · $445,000
List Price
$445,000
Assumable Rate
3.45%
Remaining Balance
$284,379
Equity Gap
$173,514
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$173,514
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.45% + gap loan
$2,432/moAssumed loan: $1,269/mo
Gap financing: $1,163/mo
$240less per month with the assumable
Your Savings on This Property
10725 Traders, Fountain · 3.45% VA vs 6.5% conventional
$240
per month
$2,879
per year
$86,369
over 30 years
$99,262
interest saved
How gap financing works: The equity gap ($173,514) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($151,264 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 10725 Traders.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.