Loan Comparison: 3.1% vs 6.5%
2135 Bent Tree, Fountain, CO 80817 · 5bd/3ba · $465,000
List Price
$465,000
Assumable Rate
3.1%
Remaining Balance
$389,143
Equity Gap
$75,856
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$75,856
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (VA)
Blended Rate: 3.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 3.1% + gap loan
$2,066/moAssumed loan: $1,662/mo
Gap financing: $404/mo
$726less per month with the assumable
Your Savings on This Property
2135 Bent Tree, Fountain · 3.1% VA vs 6.5% conventional
$726
per month
$8,712
per year
$261,346
over 30 years
$261,345
interest saved
How gap financing works: The equity gap ($75,856) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($52,606 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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