Loan Comparison: 5.25% vs 6.5%
634 Del Carmen, Fort Collins, CO 80524 · 4bd/4ba · $709,900
List Price
$709,900
Assumable Rate
5.25%
Remaining Balance
$644,897
Equity Gap
$64,393
Loan Type
VAAdjust Your Scenario
$35,495
$35,495$64,393
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (VA)
Blended Rate: 5.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,263/moAssumable @ 5.25% + gap loan
$3,783/moAssumed loan: $3,561/mo
Gap financing: $222/mo
$479less per month with the assumable
Your Savings on This Property
634 Del Carmen, Fort Collins · 5.25% VA vs 6.5% conventional
$479
per month
$5,752
per year
$172,567
over 30 years
$171,957
interest saved
How gap financing works: The equity gap ($64,393) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,495, 5% of purchase price) and a second mortgage for the rest ($28,898 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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