Loan Comparison: 3.08% vs 6.5%
2454 Tulip, Longmont, CO 80501 · 2bd/2ba · $500,000
List Price
$500,000
Assumable Rate
3.08%
Remaining Balance
$350,882
Equity Gap
$149,117
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$149,117
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 4.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.08% + gap loan
$2,449/moAssumed loan: $1,495/mo
Gap financing: $954/mo
$553less per month with the assumable
Your Savings on This Property
2454 Tulip, Longmont · 3.08% VA vs 6.5% conventional
$553
per month
$6,641
per year
$199,244
over 30 years
$199,243
interest saved
How gap financing works: The equity gap ($149,117) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($124,117 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 2454 Tulip.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.