Loan Comparison: 2.98% vs 6.5%
11725 Pleasant, Longmont, CO 80504 · 6bd/4ba · $875,000
List Price
$875,000
Assumable Rate
2.98%
Remaining Balance
$479,725
Equity Gap
$394,219
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$394,219
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 5.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 2.98% + gap loan
$4,712/moAssumed loan: $2,017/mo
Gap financing: $2,695/mo
$542less per month with the assumable
Your Savings on This Property
11725 Pleasant, Longmont · 2.98% VA vs 6.5% conventional
$542
per month
$6,503
per year
$195,081
over 30 years
$194,025
interest saved
How gap financing works: The equity gap ($394,219) 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 ($350,469 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.
🏠
Back to This Listing
View photos, details, and request a showing for 11725 Pleasant.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.