Loan Comparison: 4.02% vs 6.5%
4220 Promontory, Loveland, CO 80537 · 5bd/4ba · $685,000
List Price
$685,000
Assumable Rate
4.02%
Remaining Balance
$477,415
Equity Gap
$367,328
Loan Type
VAAdjust Your Scenario
$34,250
$34,250$367,328
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.02% (VA)
Blended Rate: 5.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 4.02% + gap loan
$4,846/moAssumed loan: $2,285/mo
Gap financing: $2,561/mo
Your Savings on This Property
4220 Promontory, Loveland · 4.02% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($367,328) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,250, 5% of purchase price) and a second mortgage for the rest ($333,078 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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