Loan Comparison: 5.41% vs 6.5%
549 Sherri, Loveland, CO 80537 · 3bd/3ba · $485,000
List Price
$485,000
Assumable Rate
5.41%
Remaining Balance
$440,498
Equity Gap
$44,502
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$44,502
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 5.41% + gap loan
$2,632/moAssumed loan: $2,476/mo
Gap financing: $156/mo
$280less per month with the assumable
Your Savings on This Property
549 Sherri, Loveland · 5.41% VA vs 6.5% conventional
$280
per month
$3,363
per year
$100,890
over 30 years
$100,890
interest saved
How gap financing works: The equity gap ($44,502) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($20,252 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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