Loan Comparison: 3.69% vs 6.5%
909 Campfire, Fort Collins, CO 80524 · 4bd/4ba · $515,000
List Price
$515,000
Assumable Rate
3.69%
Remaining Balance
$290,515
Equity Gap
$223,220
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$223,220
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.69% + gap loan
$2,854/moAssumed loan: $1,336/mo
Gap financing: $1,518/mo
$238less per month with the assumable
Your Savings on This Property
909 Campfire, Fort Collins · 3.69% VA vs 6.5% conventional
$238
per month
$2,862
per year
$85,850
over 30 years
$84,585
interest saved
How gap financing works: The equity gap ($223,220) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($197,470 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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