Loan Comparison: 4.5% vs 6.5%
759 Descendant, Fountain, CO 80817 · 3bd/2ba · $384,400
List Price
$384,400
Assumable Rate
4.5%
Remaining Balance
$63,359
Equity Gap
$321,040
Loan Type
VAAdjust Your Scenario
$19,220
$19,220$321,040
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.5% (VA)
Blended Rate: 7.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,308/moAssumable @ 4.5% + gap loan
$2,642/moAssumed loan: $321/mo
Gap financing: $2,321/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 ($321,040) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,220, 5% of purchase price) and a second mortgage for the rest ($301,820 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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