Loan Comparison: 2.87% vs 6.5%
455 WineBrook, Fountain, CO 80817 · 3bd/3ba · $420,000
List Price
$420,000
Assumable Rate
2.87%
Remaining Balance
$283,359
Equity Gap
$138,525
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$138,525
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 2.87% + gap loan
$2,079/moAssumed loan: $1,175/mo
Gap financing: $904/mo
$443less per month with the assumable
Your Savings on This Property
455 WineBrook, Fountain · 2.87% VA vs 6.5% conventional
$443
per month
$5,321
per year
$159,627
over 30 years
$161,511
interest saved
How gap financing works: The equity gap ($138,525) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($117,525 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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