Loan Comparison: 6.71% vs 6.5%
1700 Swallow Road, Fort Collins, CO 80526 · 3bd/2ba · $575,000
List Price
$575,000
Assumable Rate
6.71%
Remaining Balance
$302,048
Equity Gap
$272,951
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$272,951
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.71% (VA)
Blended Rate: 7.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 6.71% + gap loan
$3,659/moAssumed loan: $1,951/mo
Gap financing: $1,707/mo
Your Savings on This Property
1700 Swallow Road, Fort Collins · 6.71% 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 ($272,951) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($244,201 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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