Loan Comparison: 3.25% vs 6.5%
10334 Buck Rake, Fountain, CO 80817 · 6bd/3ba · $550,000
List Price
$550,000
Assumable Rate
3.25%
Remaining Balance
$436,020
Equity Gap
$153,942
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$153,942
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (VA)
Blended Rate: 4.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.25% + gap loan
$2,870/moAssumed loan: $1,898/mo
Gap financing: $972/mo
$433less per month with the assumable
Your Savings on This Property
10334 Buck Rake, Fountain · 3.25% VA vs 6.5% conventional
$433
per month
$5,193
per year
$155,786
over 30 years
$195,748
interest saved
How gap financing works: The equity gap ($153,942) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($126,442 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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