Loan Comparison: 3.07% vs 6.5%
546 Race, Fountain, CO 80817 · 3bd/2ba · $399,000
List Price
$399,000
Assumable Rate
3.07%
Remaining Balance
$346,754
Equity Gap
$52,245
Loan Type
VAAdjust Your Scenario
$19,950
$19,950$52,245
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 3.07% + gap loan
$1,723/moAssumed loan: $1,475/mo
Gap financing: $248/mo
$672less per month with the assumable
Your Savings on This Property
546 Race, Fountain · 3.07% VA vs 6.5% conventional
$672
per month
$8,070
per year
$242,093
over 30 years
$242,092
interest saved
How gap financing works: The equity gap ($52,245) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,950, 5% of purchase price) and a second mortgage for the rest ($32,295 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.