Loan Comparison: 6.77% vs 6.5%

503 Eagle Crest Court, Loveland, CO 80537 ยท 4bd/4ba ยท $999,000

List Price
$999,000
Assumable Rate
6.77%
Remaining Balance
$839,385
Equity Gap
$159,614
Loan Type
VA

Adjust Your Scenario

$49,950
$49,950$159,614
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.77% (VA)
Blended Rate: 6.85%

Monthly Payment Comparison

New Conventional @ 6.5%
$5,999/mo
Assumable @ 6.77% + gap loan
$6,222/mo
Assumed loan: $5,455/mo
Gap financing: $767/mo

Your Savings on This Property

503 Eagle Crest Court, Loveland ยท 6.77% 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 ($159,614) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,950, 5% of purchase price) and a second mortgage for the rest ($109,664 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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