Loan Comparison: 3.95% vs 6.5%
12555 Handles Peak Way, Peyton, CO 80831 · 5bd/3ba · $670,000
List Price
$670,000
Assumable Rate
3.95%
Remaining Balance
$330,133
Equity Gap
$339,866
Loan Type
VAAdjust Your Scenario
$33,500
$33,500$339,866
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (VA)
Blended Rate: 5.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,023/moAssumable @ 3.95% + gap loan
$3,709/moAssumed loan: $1,567/mo
Gap financing: $2,142/mo
$314less per month with the assumable
Your Savings on This Property
12555 Handles Peak Way, Peyton · 3.95% VA vs 6.5% conventional
$314
per month
$3,772
per year
$113,167
over 30 years
$113,166
interest saved
How gap financing works: The equity gap ($339,866) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,500, 5% of purchase price) and a second mortgage for the rest ($306,366 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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