Loan Comparison: 3.69% vs 6.5%
11073 Asbee Street, Peyton, CO 80831 · 4bd/4ba · $630,000
List Price
$630,000
Assumable Rate
3.69%
Remaining Balance
$561,858
Equity Gap
$68,142
Loan Type
VAAdjust Your Scenario
$31,500
$31,500$68,142
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 3.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,783/moAssumable @ 3.69% + gap loan
$2,839/moAssumed loan: $2,583/mo
Gap financing: $256/mo
$944less per month with the assumable
Your Savings on This Property
11073 Asbee Street, Peyton · 3.69% VA vs 6.5% conventional
$944
per month
$11,325
per year
$339,754
over 30 years
$339,754
interest saved
How gap financing works: The equity gap ($68,142) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,500, 5% of purchase price) and a second mortgage for the rest ($36,642 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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