Loan Comparison: 4.98% vs 6.5%
5441 Longshaw, Fort Collins, CO 80528 · 2bd/3ba · $435,000
List Price
$435,000
Assumable Rate
4.98%
Remaining Balance
$368,477
Equity Gap
$67,651
Loan Type
VAAdjust Your Scenario
$21,750
$21,750$67,651
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 4.98% + gap loan
$2,327/moAssumed loan: $1,974/mo
Gap financing: $353/mo
$286less per month with the assumable
Your Savings on This Property
5441 Longshaw, Fort Collins · 4.98% VA vs 6.5% conventional
$286
per month
$3,426
per year
$102,787
over 30 years
$103,915
interest saved
How gap financing works: The equity gap ($67,651) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($45,901 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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