Loan Comparison: 6.5% vs 6.5%
12931 Stone Valley Drive, Peyton, CO 80831 · 4bd/3ba · $589,900
List Price
$589,900
Assumable Rate
6.5%
Remaining Balance
$551,756
Equity Gap
$38,143
Loan Type
VAAdjust Your Scenario
$29,495
$29,495$38,143
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,542/moAssumable @ 6.5% + gap loan
$3,548/moAssumed loan: $3,487/mo
Gap financing: $60/mo
Your Savings on This Property
12931 Stone Valley Drive, Peyton · 6.5% 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 ($38,143) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,495, 5% of purchase price) and a second mortgage for the rest ($8,648 at 7.5%). 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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