Loan Comparison: 4.98% vs 6.5%
3772 Larkspur, Loveland, CO 80538 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
4.98%
Remaining Balance
$420,924
Equity Gap
$89,331
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$89,331
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 4.98% + gap loan
$2,759/moAssumed loan: $2,254/mo
Gap financing: $504/mo
$93less per month with the assumable
Your Savings on This Property
3772 Larkspur, Loveland · 4.98% VA vs 6.5% conventional
$93
per month
$1,122
per year
$33,652
over 30 years
$68,907
interest saved
How gap financing works: The equity gap ($89,331) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($65,581 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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