Loan Comparison: 6.78% vs 6.5%
10755 Arrowgrass Loop, Peyton, CO 80831 ยท 2bd/1ba ยท $639,000
List Price
$639,000
Assumable Rate
6.78%
Remaining Balance
$586,863
Equity Gap
$52,136
Loan Type
VAAdjust Your Scenario
$31,950
$31,950$52,136
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (VA)
Blended Rate: 6.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,837/moAssumable @ 6.78% + gap loan
$3,959/moAssumed loan: $3,818/mo
Gap financing: $141/mo
Your Savings on This Property
10755 Arrowgrass Loop, Peyton ยท 6.78% 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 ($52,136) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,950, 5% of purchase price) and a second mortgage for the rest ($20,186 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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