Loan Comparison: 4.44% vs 6.5%
2112 9th Avenue, Longmont, CO 80501 · 4bd/3ba · $764,900
List Price
$764,900
Assumable Rate
4.44%
Remaining Balance
$223,290
Equity Gap
$541,609
Loan Type
VAAdjust Your Scenario
$38,245
$38,245$541,609
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.44% (VA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,593/moAssumable @ 4.44% + gap loan
$4,643/moAssumed loan: $1,123/mo
Gap financing: $3,520/mo
Your Savings on This Property
2112 9th Avenue, Longmont · 4.44% 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 ($541,609) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,245, 5% of purchase price) and a second mortgage for the rest ($503,364 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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