Loan Comparison: 3.02% vs 6.5%
1726 Mulberry, Fort Collins, CO 80521 · 3bd/3ba · $795,000
List Price
$795,000
Assumable Rate
3.02%
Remaining Balance
$415,672
Equity Gap
$418,157
Loan Type
VAAdjust Your Scenario
$39,750
$39,750$418,157
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 5.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,774/moAssumable @ 3.02% + gap loan
$4,667/moAssumed loan: $1,757/mo
Gap financing: $2,910/mo
$107less per month with the assumable
Your Savings on This Property
1726 Mulberry, Fort Collins · 3.02% VA vs 6.5% conventional
$107
per month
$1,285
per year
$38,554
over 30 years
$77,383
interest saved
How gap financing works: The equity gap ($418,157) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,750, 5% of purchase price) and a second mortgage for the rest ($378,407 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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