Loan Comparison: 3.69% vs 6.5%
3909 Goodell, Fort Collins, CO 80526 · 4bd/3ba · $875,000
List Price
$875,000
Assumable Rate
3.69%
Remaining Balance
$416,513
Equity Gap
$571,576
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$571,576
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 6.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 3.69% + gap loan
$5,973/moAssumed loan: $1,915/mo
Gap financing: $4,059/mo
Your Savings on This Property
3909 Goodell, Fort Collins · 3.69% 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 ($571,576) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($527,826 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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