Loan Comparison: 3.07% vs 6.5%
305 Quebec, Longmont, CO 80501 · 3bd/2ba · $325,000
List Price
$325,000
Assumable Rate
3.07%
Remaining Balance
$300,237
Equity Gap
$23,483
Loan Type
VAAdjust Your Scenario
$16,250
$16,250$23,483
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 3.07% + gap loan
$1,333/moAssumed loan: $1,277/mo
Gap financing: $56/mo
$619less per month with the assumable
Your Savings on This Property
305 Quebec, Longmont · 3.07% VA vs 6.5% conventional
$619
per month
$7,425
per year
$222,739
over 30 years
$221,459
interest saved
How gap financing works: The equity gap ($23,483) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($7,233 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 305 Quebec.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.