Loan Comparison: 5.1% vs 6.5%
10522 Rolling Peaks Drive, Peyton, CO 80831 · 5bd/3ba · $625,000
List Price
$625,000
Assumable Rate
5.1%
Remaining Balance
$553,115
Equity Gap
$71,885
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$71,885
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.1% (VA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 5.1% + gap loan
$3,287/moAssumed loan: $3,003/mo
Gap financing: $284/mo
$466less per month with the assumable
Your Savings on This Property
10522 Rolling Peaks Drive, Peyton · 5.1% VA vs 6.5% conventional
$466
per month
$5,588
per year
$167,631
over 30 years
$167,631
interest saved
How gap financing works: The equity gap ($71,885) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($40,635 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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