Loan Comparison: 3.01% vs 6.5%
7822 Wythe, Fountain, CO 80817 · 5bd/4ba · $499,900
List Price
$499,900
Assumable Rate
3.01%
Remaining Balance
$459,893
Equity Gap
$40,007
Loan Type
VAAdjust Your Scenario
$24,995
$24,995$40,007
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.01% (VA)
Blended Rate: 3.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.01% + gap loan
$2,057/moAssumed loan: $1,941/mo
Gap financing: $115/mo
$945less per month with the assumable
Your Savings on This Property
7822 Wythe, Fountain · 3.01% VA vs 6.5% conventional
$945
per month
$11,339
per year
$340,158
over 30 years
$340,158
interest saved
How gap financing works: The equity gap ($40,007) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($15,012 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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