Loan Comparison: 2.81% vs 6.5%
2244 Vivian, Longmont, CO 80501 · 4bd/4ba · $595,000
List Price
$595,000
Assumable Rate
2.81%
Remaining Balance
$265,552
Equity Gap
$328,843
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$328,843
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 2.81% + gap loan
$3,392/moAssumed loan: $1,093/mo
Gap financing: $2,300/mo
$180less per month with the assumable
Your Savings on This Property
2244 Vivian, Longmont · 2.81% VA vs 6.5% conventional
$180
per month
$2,165
per year
$64,961
over 30 years
$64,356
interest saved
How gap financing works: The equity gap ($328,843) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($299,093 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 2244 Vivian.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.