Loan Comparison: 2.96% vs 6.5%
3926 Precision, Fort Collins, CO 80528 · 2bd/3ba · $465,000
List Price
$465,000
Assumable Rate
2.96%
Remaining Balance
$314,424
Equity Gap
$151,268
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$151,268
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 2.96% + gap loan
$2,303/moAssumed loan: $1,319/mo
Gap financing: $984/mo
$489less per month with the assumable
Your Savings on This Property
3926 Precision, Fort Collins · 2.96% VA vs 6.5% conventional
$489
per month
$5,868
per year
$176,026
over 30 years
$176,718
interest saved
How gap financing works: The equity gap ($151,268) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($128,018 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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