Loan Comparison: 6.12% vs 6.5%
7824 Antelope Meadows Circle, Peyton, CO 80831 · 5bd/4ba · $583,000
List Price
$583,000
Assumable Rate
6.12%
Remaining Balance
$459,418
Equity Gap
$123,582
Loan Type
VAAdjust Your Scenario
$29,150
$29,150$123,582
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.12% (VA)
Blended Rate: 6.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,501/moAssumable @ 6.12% + gap loan
$3,450/moAssumed loan: $2,790/mo
Gap financing: $660/mo
$50less per month with the assumable
Your Savings on This Property
7824 Antelope Meadows Circle, Peyton · 6.12% VA vs 6.5% conventional
$50
per month
$605
per year
$18,158
over 30 years
$18,158
interest saved
How gap financing works: The equity gap ($123,582) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,150, 5% of purchase price) and a second mortgage for the rest ($94,432 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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