Loan Comparison: 3.08% vs 6.5%
2104 Leila, Loveland, CO 80538 · 4bd/2ba · $495,000
List Price
$495,000
Assumable Rate
3.08%
Remaining Balance
$330,531
Equity Gap
$185,822
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$185,822
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 3.08% + gap loan
$2,646/moAssumed loan: $1,408/mo
Gap financing: $1,239/mo
$326less per month with the assumable
Your Savings on This Property
2104 Leila, Loveland · 3.08% VA vs 6.5% conventional
$326
per month
$3,912
per year
$117,346
over 30 years
$138,699
interest saved
How gap financing works: The equity gap ($185,822) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($161,072 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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