Loan Comparison: 3.02% vs 6.5%
2065 Scarecrow, Fort Collins, CO 80525 · 3bd/3ba · $469,900
List Price
$469,900
Assumable Rate
3.02%
Remaining Balance
$327,441
Equity Gap
$143,205
Loan Type
VAAdjust Your Scenario
$23,495
$23,495$143,205
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.02% + gap loan
$2,305/moAssumed loan: $1,384/mo
Gap financing: $920/mo
$517less per month with the assumable
Your Savings on This Property
2065 Scarecrow, Fort Collins · 3.02% VA vs 6.5% conventional
$517
per month
$6,205
per year
$186,148
over 30 years
$186,894
interest saved
How gap financing works: The equity gap ($143,205) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,495, 5% of purchase price) and a second mortgage for the rest ($119,710 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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