Loan Comparison: 3.45% vs 6.5%
908 Rollins Den, Fort Collins, CO 80524 · 4bd/2ba · $570,000
List Price
$570,000
Assumable Rate
3.45%
Remaining Balance
$485,007
Equity Gap
$84,993
Loan Type
VAAdjust Your Scenario
$28,500
$28,500$84,993
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 3.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,423/moAssumable @ 3.45% + gap loan
$2,599/moAssumed loan: $2,164/mo
Gap financing: $434/mo
$824less per month with the assumable
Your Savings on This Property
908 Rollins Den, Fort Collins · 3.45% VA vs 6.5% conventional
$824
per month
$9,887
per year
$296,598
over 30 years
$296,598
interest saved
How gap financing works: The equity gap ($84,993) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,500, 5% of purchase price) and a second mortgage for the rest ($56,493 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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