Loan Comparison: 4.98% vs 6.5%
537 Crestmore, Fort Collins, CO 80521 · 3bd/2ba · $675,000
List Price
$675,000
Assumable Rate
4.98%
Remaining Balance
$594,314
Equity Gap
$81,594
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$81,594
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 4.98% + gap loan
$3,551/moAssumed loan: $3,183/mo
Gap financing: $368/mo
$502less per month with the assumable
Your Savings on This Property
537 Crestmore, Fort Collins · 4.98% VA vs 6.5% conventional
$502
per month
$6,025
per year
$180,760
over 30 years
$181,668
interest saved
How gap financing works: The equity gap ($81,594) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($47,844 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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