Loan Comparison: 5.52% vs 6.5%
10488 Cedar Breaks, Peyton, CO 80831 · 5bd/4ba · $565,000
List Price
$565,000
Assumable Rate
5.52%
Remaining Balance
$435,534
Equity Gap
$150,841
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$150,841
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 5.52% + gap loan
$3,421/moAssumed loan: $2,478/mo
Gap financing: $943/mo
Your Savings on This Property
10488 Cedar Breaks, Peyton · 5.52% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$11,160
interest saved
How gap financing works: The equity gap ($150,841) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($122,591 at 8.5%). 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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