Loan Comparison: 2.6% vs 6.5%
432 Cardinal, Loveland, CO 80537 · 4bd/3ba · $529,000
List Price
$529,000
Assumable Rate
2.6%
Remaining Balance
$182,421
Equity Gap
$374,742
Loan Type
VAAdjust Your Scenario
$26,450
$26,450$374,742
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.6% (VA)
Blended Rate: 6.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,176/moAssumable @ 2.6% + gap loan
$3,408/moAssumed loan: $730/mo
Gap financing: $2,678/mo
Your Savings on This Property
432 Cardinal, Loveland · 2.6% 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 ($374,742) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,450, 5% of purchase price) and a second mortgage for the rest ($348,292 at 8.5%). 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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