Loan Comparison: 4% vs 6.5%
10152 Boulder Creek Way, Peyton, CO 80831 · 5bd/3ba · $730,000
List Price
$730,000
Assumable Rate
4%
Remaining Balance
$642,195
Equity Gap
$87,805
Loan Type
VAAdjust Your Scenario
$36,500
$36,500$87,805
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 4.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,383/moAssumable @ 4% + gap loan
$3,425/moAssumed loan: $3,066/mo
Gap financing: $359/mo
$959less per month with the assumable
Your Savings on This Property
10152 Boulder Creek Way, Peyton · 4% VA vs 6.5% conventional
$959
per month
$11,505
per year
$345,140
over 30 years
$345,140
interest saved
How gap financing works: The equity gap ($87,805) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,500, 5% of purchase price) and a second mortgage for the rest ($51,305 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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