Loan Comparison: 3.18% vs 6.5%
3273 Rookery, Fort Collins, CO 80528 · 6bd/6ba · $1,195,000
List Price
$1,195,000
Assumable Rate
3.18%
Remaining Balance
$477,805
Equity Gap
$717,195
Loan Type
VAAdjust Your Scenario
$59,750
$59,750$717,195
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 6.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,176/moAssumable @ 3.18% + gap loan
$7,116/moAssumed loan: $2,061/mo
Gap financing: $5,055/mo
$59less per month with the assumable
Your Savings on This Property
3273 Rookery, Fort Collins · 3.18% VA vs 6.5% conventional
$59
per month
$711
per year
$21,328
over 30 years
$21,328
interest saved
How gap financing works: The equity gap ($717,195) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($59,750, 5% of purchase price) and a second mortgage for the rest ($657,445 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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