Loan Comparison: 3.58% vs 6.5%
10694 Delaney, Fountain, CO 80817 · 4bd/3ba · $460,000
List Price
$460,000
Assumable Rate
3.58%
Remaining Balance
$283,595
Equity Gap
$240,425
Loan Type
VAAdjust Your Scenario
$23,000
$23,000$240,425
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.58% (VA)
Blended Rate: 5.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 3.58% + gap loan
$2,958/moAssumed loan: $1,286/mo
Gap financing: $1,672/mo
Your Savings on This Property
10694 Delaney, Fountain · 3.58% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($240,425) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,000, 5% of purchase price) and a second mortgage for the rest ($217,425 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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