Loan Comparison: 3.07% vs 6.5%
546 Race, Fountain, CO 80817 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
3.07%
Remaining Balance
$347,498
Equity Gap
$77,502
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$77,502
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 3.07% + gap loan
$1,911/moAssumed loan: $1,478/mo
Gap financing: $433/mo
$641less per month with the assumable
Your Savings on This Property
546 Race, Fountain · 3.07% VA vs 6.5% conventional
$641
per month
$7,695
per year
$230,842
over 30 years
$230,842
interest saved
How gap financing works: The equity gap ($77,502) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($56,252 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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