Loan Comparison: 3.46% vs 6.5%
2521 Danbury, Longmont, CO 80503 · 5bd/3ba · $365,000
List Price
$365,000
Assumable Rate
3.46%
Remaining Balance
$222,622
Equity Gap
$139,325
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$139,325
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (VA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 3.46% + gap loan
$1,926/moAssumed loan: $995/mo
Gap financing: $931/mo
$266less per month with the assumable
Your Savings on This Property
2521 Danbury, Longmont · 3.46% VA vs 6.5% conventional
$266
per month
$3,192
per year
$95,769
over 30 years
$92,716
interest saved
How gap financing works: The equity gap ($139,325) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($121,075 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2521 Danbury.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.