Loan Comparison: 4.98% vs 6.5%
3772 Larkspur Drive, Loveland, CO 80538 · 2bd/1ba · $475,000
List Price
$475,000
Assumable Rate
4.98%
Remaining Balance
$384,454
Equity Gap
$90,546
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$90,546
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 4.98% + gap loan
$2,526/moAssumed loan: $2,059/mo
Gap financing: $467/mo
$326less per month with the assumable
Your Savings on This Property
3772 Larkspur Drive, Loveland · 4.98% VA vs 6.5% conventional
$326
per month
$3,912
per year
$117,369
over 30 years
$117,369
interest saved
How gap financing works: The equity gap ($90,546) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($66,796 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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