Loan Comparison: 2.83% vs 6.5%
263 Rossum, Loveland, CO 80537 · 4bd/8ba · $2,070,000
List Price
$2,070,000
Assumable Rate
2.83%
Remaining Balance
$641,328
Equity Gap
$1,425,737
Loan Type
VAAdjust Your Scenario
$103,500
$103,500$1,425,737
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 6.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$12,430/moAssumable @ 2.83% + gap loan
$12,812/moAssumed loan: $2,645/mo
Gap financing: $10,167/mo
Your Savings on This Property
263 Rossum, Loveland · 2.83% 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 ($1,425,737) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($103,500, 5% of purchase price) and a second mortgage for the rest ($1,322,237 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 263 Rossum.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.