Loan Comparison: 4.5% vs 6.5%
759 DESCENDANT, Fountain, CO 80817 · 3bd/2ba · $384,900
List Price
$384,900
Assumable Rate
4.5%
Remaining Balance
$156,161
Equity Gap
$321,540
Loan Type
VAAdjust Your Scenario
$19,245
$19,245$321,540
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.5% (VA)
Blended Rate: 7.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,311/moAssumable @ 4.5% + gap loan
$3,116/moAssumed loan: $791/mo
Gap financing: $2,324/mo
Your Savings on This Property
759 DESCENDANT, Fountain · 4.5% 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 ($321,540) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,245, 5% of purchase price) and a second mortgage for the rest ($302,295 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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