Loan Comparison: 3.92% vs 6.5%
12638 Windingwalk Drive, Peyton, CO 80831 · 5bd/3ba · $684,900
List Price
$684,900
Assumable Rate
3.92%
Remaining Balance
$646,073
Equity Gap
$38,827
Loan Type
VAAdjust Your Scenario
$34,245
$34,245$38,827
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (VA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 3.92% + gap loan
$3,087/moAssumed loan: $3,055/mo
Gap financing: $32/mo
$1,026less per month with the assumable
Your Savings on This Property
12638 Windingwalk Drive, Peyton · 3.92% VA vs 6.5% conventional
$1,026
per month
$12,310
per year
$369,294
over 30 years
$369,294
interest saved
How gap financing works: The equity gap ($38,827) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,245, 5% of purchase price) and a second mortgage for the rest ($4,582 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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