Loan Comparison: 2.8% vs 6.5%
208 Egyptian, Fort Collins, CO 80525 · 6bd/3ba · $665,000
List Price
$665,000
Assumable Rate
2.8%
Remaining Balance
$415,000
Equity Gap
$303,372
Loan Type
VAAdjust Your Scenario
$33,250
$33,250$303,372
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (VA)
Blended Rate: 5.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,993/moAssumable @ 2.8% + gap loan
$3,782/moAssumed loan: $1,705/mo
Gap financing: $2,077/mo
$211less per month with the assumable
Your Savings on This Property
208 Egyptian, Fort Collins · 2.8% VA vs 6.5% conventional
$211
per month
$2,530
per year
$75,914
over 30 years
$129,286
interest saved
How gap financing works: The equity gap ($303,372) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,250, 5% of purchase price) and a second mortgage for the rest ($270,122 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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