Loan Comparison: 2.81% vs 6.5%
2685 Sapphire, Loveland, CO 80537 · 3bd/3ba · $535,950
List Price
$535,950
Assumable Rate
2.81%
Remaining Balance
$367,971
Equity Gap
$167,141
Loan Type
VAAdjust Your Scenario
$26,798
$26,798$167,141
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,218/moAssumable @ 2.81% + gap loan
$2,593/moAssumed loan: $1,514/mo
Gap financing: $1,079/mo
$625less per month with the assumable
Your Savings on This Property
2685 Sapphire, Loveland · 2.81% VA vs 6.5% conventional
$625
per month
$7,502
per year
$225,052
over 30 years
$224,214
interest saved
How gap financing works: The equity gap ($167,141) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,798, 5% of purchase price) and a second mortgage for the rest ($140,343 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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