Loan Comparison: 3.39% vs 6.5%
6019 Brigadoon Drive, Longmont, CO 80503 · 3bd/3ba · $1,530,000
List Price
$1,530,000
Assumable Rate
3.39%
Remaining Balance
$195,262
Equity Gap
$1,334,738
Loan Type
VAAdjust Your Scenario
$76,500
$76,500$1,334,738
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.39% (VA)
Blended Rate: 6.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,187/moAssumable @ 3.39% + gap loan
$9,663/moAssumed loan: $865/mo
Gap financing: $8,798/mo
Your Savings on This Property
6019 Brigadoon Drive, Longmont · 3.39% 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 ($1,334,738) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($76,500, 5% of purchase price) and a second mortgage for the rest ($1,258,238 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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