Loan Comparison: 5.22% vs 6.5%
1325 Southmoor, Fountain, CO 80817 · 3bd/2ba · $360,000
List Price
$360,000
Assumable Rate
5.22%
Remaining Balance
$326,960
Equity Gap
$33,521
Loan Type
VAAdjust Your Scenario
$18,000
$18,000$33,521
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (VA)
Blended Rate: 5.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,162/moAssumable @ 5.22% + gap loan
$1,919/moAssumed loan: $1,799/mo
Gap financing: $119/mo
$243less per month with the assumable
Your Savings on This Property
1325 Southmoor, Fountain · 5.22% VA vs 6.5% conventional
$243
per month
$2,915
per year
$87,449
over 30 years
$87,930
interest saved
How gap financing works: The equity gap ($33,521) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,000, 5% of purchase price) and a second mortgage for the rest ($15,521 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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