Loan Comparison: 3.77% vs 6.5%
6539 Finch, Fort Collins, CO 80525 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
3.77%
Remaining Balance
$202,534
Equity Gap
$222,909
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$222,909
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (VA)
Blended Rate: 6.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 3.77% + gap loan
$2,491/moAssumed loan: $940/mo
Gap financing: $1,551/mo
$61less per month with the assumable
Your Savings on This Property
6539 Finch, Fort Collins · 3.77% VA vs 6.5% conventional
$61
per month
$733
per year
$22,005
over 30 years
$22,448
interest saved
How gap financing works: The equity gap ($222,909) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($201,659 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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