Loan Comparison: 6.26% vs 6.5%
17650 Fremont Fort Drive, Peyton, CO 80831 · 6bd/4ba · $700,000
List Price
$700,000
Assumable Rate
6.26%
Remaining Balance
$547,059
Equity Gap
$152,941
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$152,941
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.26% (VA)
Blended Rate: 6.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 6.26% + gap loan
$4,197/moAssumed loan: $3,372/mo
Gap financing: $825/mo
$7less per month with the assumable
Your Savings on This Property
17650 Fremont Fort Drive, Peyton · 6.26% VA vs 6.5% conventional
$7
per month
$80
per year
$2,411
over 30 years
$2,411
interest saved
How gap financing works: The equity gap ($152,941) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($117,941 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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