Loan Comparison: 3.07% vs 6.5%
11095 Falling Star, Fountain, CO 80817 · 5bd/3ba · $470,000
List Price
$470,000
Assumable Rate
3.07%
Remaining Balance
$402,187
Equity Gap
$66,956
Loan Type
VAAdjust Your Scenario
$23,500
$23,500$66,956
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.07% + gap loan
$2,045/moAssumed loan: $1,711/mo
Gap financing: $334/mo
$777less per month with the assumable
Your Savings on This Property
11095 Falling Star, Fountain · 3.07% VA vs 6.5% conventional
$777
per month
$9,326
per year
$279,787
over 30 years
$278,930
interest saved
How gap financing works: The equity gap ($66,956) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,500, 5% of purchase price) and a second mortgage for the rest ($43,456 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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