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
$270,276
Equity Gap
$174,724
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$174,724
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.45% + gap loan
$2,379/moAssumed loan: $1,206/mo
Gap financing: $1,172/mo
$294less per month with the assumable
Your Savings on This Property
10725 Traders, Fountain · 3.45% VA vs 6.5% conventional
$294
per month
$3,523
per year
$105,676
over 30 years
$105,676
interest saved
How gap financing works: The equity gap ($174,724) 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 ($152,474 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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