Loan Comparison: 3.08% vs 6.5%
10654 Delaney, Fountain, CO 80817 · 5bd/4ba · $565,000
List Price
$565,000
Assumable Rate
3.08%
Remaining Balance
$454,081
Equity Gap
$110,919
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$110,919
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.08% + gap loan
$2,570/moAssumed loan: $1,934/mo
Gap financing: $636/mo
$823less per month with the assumable
Your Savings on This Property
10654 Delaney, Fountain · 3.08% VA vs 6.5% conventional
$823
per month
$9,875
per year
$296,244
over 30 years
$296,244
interest saved
How gap financing works: The equity gap ($110,919) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($82,669 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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