Loan Comparison: 4.44% vs 6.5%
2112 9th, Longmont, CO 80501 · 6bd/4ba · $779,900
List Price
$779,900
Assumable Rate
4.44%
Remaining Balance
$303,385
Equity Gap
$555,911
Loan Type
VAAdjust Your Scenario
$38,995
$38,995$555,911
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.44% (VA)
Blended Rate: 7.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,683/moAssumable @ 4.44% + gap loan
$5,501/moAssumed loan: $1,526/mo
Gap financing: $3,975/mo
Your Savings on This Property
2112 9th, Longmont · 4.44% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($555,911) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,995, 5% of purchase price) and a second mortgage for the rest ($516,916 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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