Loan Comparison: 2.68% vs 6.5%
7945 Allott, Fort Collins, CO 80525 · 6bd/4ba · $779,000
List Price
$779,000
Assumable Rate
2.68%
Remaining Balance
$441,099
Equity Gap
$334,770
Loan Type
VAAdjust Your Scenario
$38,950
$38,950$334,770
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,678/moAssumable @ 2.68% + gap loan
$4,059/moAssumed loan: $1,784/mo
Gap financing: $2,275/mo
$619less per month with the assumable
Your Savings on This Property
7945 Allott, Fort Collins · 2.68% VA vs 6.5% conventional
$619
per month
$7,423
per year
$222,691
over 30 years
$219,560
interest saved
How gap financing works: The equity gap ($334,770) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,950, 5% of purchase price) and a second mortgage for the rest ($295,820 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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