Loan Comparison: 6.63% vs 6.5%
11520 Red Lodge Road, Peyton, CO 80831 · 6bd/4ba · $649,000
List Price
$649,000
Assumable Rate
6.63%
Remaining Balance
$573,867
Equity Gap
$75,133
Loan Type
VAAdjust Your Scenario
$32,450
$32,450$75,133
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.63% (VA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 6.63% + gap loan
$3,975/moAssumed loan: $3,676/mo
Gap financing: $298/mo
Your Savings on This Property
11520 Red Lodge Road, Peyton · 6.63% 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 ($75,133) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,450, 5% of purchase price) and a second mortgage for the rest ($42,683 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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