Loan Comparison: 3.6% vs 6.5%
924 White Stone, Fountain, CO 80817 · 4bd/3ba · $439,000
List Price
$439,000
Assumable Rate
3.6%
Remaining Balance
$284,852
Equity Gap
$154,782
Loan Type
VAAdjust Your Scenario
$21,950
$21,950$154,782
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 5.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 3.6% + gap loan
$2,316/moAssumed loan: $1,295/mo
Gap financing: $1,021/mo
$320less per month with the assumable
Your Savings on This Property
924 White Stone, Fountain · 3.6% VA vs 6.5% conventional
$320
per month
$3,835
per year
$115,060
over 30 years
$115,694
interest saved
How gap financing works: The equity gap ($154,782) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($132,832 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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