Loan Comparison: 3.65% vs 6.5%
9761 Terrain, Fountain, CO 80817 · 6bd/4ba · $549,000
List Price
$549,000
Assumable Rate
3.65%
Remaining Balance
$291,612
Equity Gap
$257,388
Loan Type
VAAdjust Your Scenario
$27,450
$27,450$257,388
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.65% (VA)
Blended Rate: 5.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 3.65% + gap loan
$3,102/moAssumed loan: $1,334/mo
Gap financing: $1,768/mo
$195less per month with the assumable
Your Savings on This Property
9761 Terrain, Fountain · 3.65% VA vs 6.5% conventional
$195
per month
$2,334
per year
$70,027
over 30 years
$70,027
interest saved
How gap financing works: The equity gap ($257,388) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($229,938 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.
🏠
Back to This Listing
View photos, details, and request a showing for 9761 Terrain.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.