Loan Comparison: 3.31% vs 6.5%
3225 Silverwood, Fort Collins, CO 80525 · 4bd/2ba · $599,000
List Price
$599,000
Assumable Rate
3.31%
Remaining Balance
$300,000
Equity Gap
$335,446
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$335,446
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 5.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 3.31% + gap loan
$3,665/moAssumed loan: $1,316/mo
Gap financing: $2,349/mo
Your Savings on This Property
3225 Silverwood, Fort Collins · 3.31% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$12,061
interest saved
How gap financing works: The equity gap ($335,446) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($305,496 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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