Loan Comparison: 3.62% vs 6.5%
3165 Sedgwick, Loveland, CO 80538 · 3bd/2ba · $620,000
List Price
$620,000
Assumable Rate
3.62%
Remaining Balance
$522,427
Equity Gap
$222,309
Loan Type
VAAdjust Your Scenario
$31,000
$31,000$222,309
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 4.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,723/moAssumable @ 3.62% + gap loan
$3,852/moAssumed loan: $2,381/mo
Gap financing: $1,471/mo
Your Savings on This Property
3165 Sedgwick, Loveland · 3.62% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$78,229
interest saved
How gap financing works: The equity gap ($222,309) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,000, 5% of purchase price) and a second mortgage for the rest ($191,309 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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