Loan Comparison: 3.61% vs 6.5%
2025 Cheyenne Avenue, Loveland, CO 80538 · 3bd/2ba · $417,500
List Price
$417,500
Assumable Rate
3.61%
Remaining Balance
$271,607
Equity Gap
$145,892
Loan Type
VAAdjust Your Scenario
$20,875
$20,875$145,892
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (VA)
Blended Rate: 4.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,507/moAssumable @ 3.61% + gap loan
$2,111/moAssumed loan: $1,236/mo
Gap financing: $874/mo
$396less per month with the assumable
Your Savings on This Property
2025 Cheyenne Avenue, Loveland · 3.61% VA vs 6.5% conventional
$396
per month
$4,757
per year
$142,714
over 30 years
$142,713
interest saved
How gap financing works: The equity gap ($145,892) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,875, 5% of purchase price) and a second mortgage for the rest ($125,017 at 7.5%). 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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