Loan Comparison: 5.41% vs 6.5%
7357 BRUSH HOLLOW, Fountain, CO 80817 ยท 3bd/3ba ยท $433,900
List Price
$433,900
Assumable Rate
5.41%
Remaining Balance
$406,439
Equity Gap
$27,460
Loan Type
VAAdjust Your Scenario
$21,695
$21,695$27,460
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,605/moAssumable @ 5.41% + gap loan
$2,329/moAssumed loan: $2,285/mo
Gap financing: $44/mo
$276less per month with the assumable
Your Savings on This Property
7357 BRUSH HOLLOW, Fountain ยท 5.41% VA vs 6.5% conventional
$276
per month
$3,315
per year
$99,457
over 30 years
$99,456
interest saved
How gap financing works: The equity gap ($27,460) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,695, 5% of purchase price) and a second mortgage for the rest ($5,765 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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