Loan Comparison: 4.22% vs 6.5%
9431 Avenida Hermosa, Fountain, CO 80817 · 4bd/3ba · $419,900
List Price
$419,900
Assumable Rate
4.22%
Remaining Balance
$351,072
Equity Gap
$68,828
Loan Type
VAAdjust Your Scenario
$20,995
$20,995$68,828
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.22% (VA)
Blended Rate: 4.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,521/moAssumable @ 4.22% + gap loan
$2,089/moAssumed loan: $1,721/mo
Gap financing: $368/mo
$433less per month with the assumable
Your Savings on This Property
9431 Avenida Hermosa, Fountain · 4.22% VA vs 6.5% conventional
$433
per month
$5,192
per year
$155,755
over 30 years
$155,755
interest saved
How gap financing works: The equity gap ($68,828) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,995, 5% of purchase price) and a second mortgage for the rest ($47,833 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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