Loan Comparison: 5.25% vs 6.5%
8524 Towner Avenue, Peyton, CO 80831 · 5bd/3ba · $999,000
List Price
$999,000
Assumable Rate
5.25%
Remaining Balance
$925,463
Equity Gap
$73,536
Loan Type
VAAdjust Your Scenario
$49,950
$49,950$73,536
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (VA)
Blended Rate: 5.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,999/moAssumable @ 5.25% + gap loan
$5,275/moAssumed loan: $5,110/mo
Gap financing: $165/mo
$723less per month with the assumable
Your Savings on This Property
8524 Towner Avenue, Peyton · 5.25% VA vs 6.5% conventional
$723
per month
$8,679
per year
$260,382
over 30 years
$260,381
interest saved
How gap financing works: The equity gap ($73,536) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,950, 5% of purchase price) and a second mortgage for the rest ($23,586 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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