Loan Comparison: 4.8% vs 6.5%
10933 Checo Way, Peyton, CO 80831 · 4bd/3ba · $600,000
List Price
$600,000
Assumable Rate
4.8%
Remaining Balance
$106,920
Equity Gap
$493,080
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$493,080
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.8% (VA)
Blended Rate: 6.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 4.8% + gap loan
$3,799/moAssumed loan: $561/mo
Gap financing: $3,238/mo
Your Savings on This Property
10933 Checo Way, Peyton · 4.8% 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 ($493,080) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($463,080 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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