Loan Comparison: 2.9% vs 6.5%
805 Summer Hawk, Longmont, CO 80504 · 2bd/2ba · $379,900
List Price
$379,900
Assumable Rate
2.9%
Remaining Balance
$325,597
Equity Gap
$55,023
Loan Type
VAAdjust Your Scenario
$18,995
$18,995$55,023
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,281/moAssumable @ 2.9% + gap loan
$1,632/moAssumed loan: $1,355/mo
Gap financing: $277/mo
$649less per month with the assumable
Your Savings on This Property
805 Summer Hawk, Longmont · 2.9% VA vs 6.5% conventional
$649
per month
$7,787
per year
$233,607
over 30 years
$234,327
interest saved
How gap financing works: The equity gap ($55,023) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,995, 5% of purchase price) and a second mortgage for the rest ($36,028 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.
🏠
Back to This Listing
View photos, details, and request a showing for 805 Summer Hawk.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.