Loan Comparison: 3.11% vs 6.5%
328 Brittlebush, Loveland, CO 80537 · 3bd/2ba · $499,999
List Price
$499,999
Assumable Rate
3.11%
Remaining Balance
$312,040
Equity Gap
$187,959
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$187,959
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.11% (VA)
Blended Rate: 4.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.11% + gap loan
$2,587/moAssumed loan: $1,334/mo
Gap financing: $1,253/mo
$415less per month with the assumable
Your Savings on This Property
328 Brittlebush, Loveland · 3.11% VA vs 6.5% conventional
$415
per month
$4,982
per year
$149,453
over 30 years
$149,453
interest saved
How gap financing works: The equity gap ($187,959) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($162,959 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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