Loan Comparison: 2.81% vs 6.5%
5708 High Desert, Fort Collins, CO 80528 · 5bd/4ba · $975,000
List Price
$975,000
Assumable Rate
2.81%
Remaining Balance
$506,859
Equity Gap
$469,324
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$469,324
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 5.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 2.81% + gap loan
$5,319/moAssumed loan: $2,085/mo
Gap financing: $3,234/mo
$535less per month with the assumable
Your Savings on This Property
5708 High Desert, Fort Collins · 2.81% VA vs 6.5% conventional
$535
per month
$6,424
per year
$192,718
over 30 years
$193,901
interest saved
How gap financing works: The equity gap ($469,324) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($420,574 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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