Loan Comparison: 3.23% vs 6.5%
3101 Zodiac, Loveland, CO 80537 · 4bd/4ba · $575,000
List Price
$575,000
Assumable Rate
3.23%
Remaining Balance
$301,041
Equity Gap
$274,642
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$274,642
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.23% + gap loan
$3,198/moAssumed loan: $1,307/mo
Gap financing: $1,891/mo
$255less per month with the assumable
Your Savings on This Property
3101 Zodiac, Loveland · 3.23% VA vs 6.5% conventional
$255
per month
$3,062
per year
$91,846
over 30 years
$92,529
interest saved
How gap financing works: The equity gap ($274,642) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($245,892 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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