Loan Comparison: 6.43% vs 6.5%
11180 Palmer Peak Place, Peyton, CO 80831 · 3bd/3ba · $980,000
List Price
$980,000
Assumable Rate
6.43%
Remaining Balance
$536,671
Equity Gap
$443,328
Loan Type
VAAdjust Your Scenario
$49,000
$49,000$443,328
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.43% (VA)
Blended Rate: 6.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,885/moAssumable @ 6.43% + gap loan
$6,125/moAssumed loan: $3,367/mo
Gap financing: $2,757/mo
Your Savings on This Property
11180 Palmer Peak Place, Peyton · 6.43% 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 ($443,328) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,000, 5% of purchase price) and a second mortgage for the rest ($394,328 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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