Loan Comparison: 2.83% vs 6.5%
1504 Persian, Loveland, CO 80537 · 4bd/3ba · $594,000
List Price
$594,000
Assumable Rate
2.83%
Remaining Balance
$389,879
Equity Gap
$204,120
Loan Type
VAAdjust Your Scenario
$29,700
$29,700$204,120
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,567/moAssumable @ 2.83% + gap loan
$2,949/moAssumed loan: $1,608/mo
Gap financing: $1,341/mo
$617less per month with the assumable
Your Savings on This Property
1504 Persian, Loveland · 2.83% VA vs 6.5% conventional
$617
per month
$7,409
per year
$222,266
over 30 years
$222,265
interest saved
How gap financing works: The equity gap ($204,120) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,700, 5% of purchase price) and a second mortgage for the rest ($174,420 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 1504 Persian.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.