Loan Comparison: 3.54% vs 6.5%
7046 Creekfront, Fountain, CO 80817 · 5bd/4ba · $499,990
List Price
$499,990
Assumable Rate
3.54%
Remaining Balance
$241,130
Equity Gap
$333,427
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$333,427
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.54% (VA)
Blended Rate: 6.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.54% + gap loan
$3,460/moAssumed loan: $1,088/mo
Gap financing: $2,372/mo
Your Savings on This Property
7046 Creekfront, Fountain · 3.54% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($333,427) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($308,427 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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