Loan Comparison: 2.73% vs 6.5%
5724 Sierra, Fort Collins, CO 80528 · 4bd/4ba · $1,100,000
List Price
$1,100,000
Assumable Rate
2.73%
Remaining Balance
$339,000
Equity Gap
$800,112
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$800,112
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.73% (VA)
Blended Rate: 6.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 2.73% + gap loan
$7,110/moAssumed loan: $1,380/mo
Gap financing: $5,729/mo
Your Savings on This Property
5724 Sierra, Fort Collins · 2.73% 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 ($800,112) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($745,112 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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