Loan Comparison: 2.65% vs 6.5%
4116 14th Street, Loveland, CO 80537 · 4bd/3ba · $1,400,000
List Price
$1,400,000
Assumable Rate
2.65%
Remaining Balance
$392,781
Equity Gap
$1,007,219
Loan Type
VAAdjust Your Scenario
$70,000
$70,000$1,007,219
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.65% (VA)
Blended Rate: 6.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,407/moAssumable @ 2.65% + gap loan
$8,136/moAssumed loan: $1,583/mo
Gap financing: $6,553/mo
$271less per month with the assumable
Your Savings on This Property
4116 14th Street, Loveland · 2.65% VA vs 6.5% conventional
$271
per month
$3,247
per year
$97,405
over 30 years
$97,405
interest saved
How gap financing works: The equity gap ($1,007,219) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($70,000, 5% of purchase price) and a second mortgage for the rest ($937,219 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.
🏠
Back to This Listing
View photos, details, and request a showing for 4116 14th Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.