Loan Comparison: 4.6% vs 6.5%
7542 Stephenville Road, Peyton, CO 80831 · 3bd/2ba · $450,000
List Price
$450,000
Assumable Rate
4.6%
Remaining Balance
$113,591
Equity Gap
$336,409
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$336,409
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.6% (VA)
Blended Rate: 6.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.6% + gap loan
$2,777/moAssumed loan: $582/mo
Gap financing: $2,195/mo
Your Savings on This Property
7542 Stephenville Road, Peyton · 4.6% 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 ($336,409) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($313,909 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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