Loan Comparison: 2.83% vs 6.5%
1408 Leahy, Fort Collins, CO 80526 · 4bd/4ba · $739,000
List Price
$739,000
Assumable Rate
2.83%
Remaining Balance
$389,230
Equity Gap
$348,865
Loan Type
VAAdjust Your Scenario
$36,950
$36,950$348,865
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 5.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,437/moAssumable @ 2.83% + gap loan
$4,004/moAssumed loan: $1,606/mo
Gap financing: $2,398/mo
$434less per month with the assumable
Your Savings on This Property
1408 Leahy, Fort Collins · 2.83% VA vs 6.5% conventional
$434
per month
$5,202
per year
$156,074
over 30 years
$155,169
interest saved
How gap financing works: The equity gap ($348,865) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,950, 5% of purchase price) and a second mortgage for the rest ($311,915 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 1408 Leahy.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.