Loan Comparison: 3.34% vs 6.5%
4103 Lissa, Loveland, CO 80537 · 5bd/4ba · $845,000
List Price
$845,000
Assumable Rate
3.34%
Remaining Balance
$660,802
Equity Gap
$299,805
Loan Type
VAAdjust Your Scenario
$42,250
$42,250$299,805
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.34% (VA)
Blended Rate: 4.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,074/moAssumable @ 3.34% + gap loan
$4,889/moAssumed loan: $2,909/mo
Gap financing: $1,980/mo
$185less per month with the assumable
Your Savings on This Property
4103 Lissa, Loveland · 3.34% VA vs 6.5% conventional
$185
per month
$2,219
per year
$66,585
over 30 years
$182,192
interest saved
How gap financing works: The equity gap ($299,805) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,250, 5% of purchase price) and a second mortgage for the rest ($257,555 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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