Loan Comparison: 2.9% vs 6.5%
7447 Araia, Fountain, CO 80817 · 6bd/4ba · $515,000
List Price
$515,000
Assumable Rate
2.9%
Remaining Balance
$392,605
Equity Gap
$122,395
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$122,395
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 4.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 2.9% + gap loan
$2,377/moAssumed loan: $1,634/mo
Gap financing: $743/mo
$715less per month with the assumable
Your Savings on This Property
7447 Araia, Fountain · 2.9% VA vs 6.5% conventional
$715
per month
$8,582
per year
$257,449
over 30 years
$257,449
interest saved
How gap financing works: The equity gap ($122,395) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($96,645 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7447 Araia.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.