Loan Comparison: 4.98% vs 6.5%
13153 Crooked Hill, Peyton, CO 80831 · 5bd/4ba · $524,900
List Price
$524,900
Assumable Rate
4.98%
Remaining Balance
$488,859
Equity Gap
$36,041
Loan Type
VAAdjust Your Scenario
$26,245
$26,245$36,041
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 4.98% + gap loan
$2,694/moAssumed loan: $2,618/mo
Gap financing: $75/mo
$458less per month with the assumable
Your Savings on This Property
13153 Crooked Hill, Peyton · 4.98% VA vs 6.5% conventional
$458
per month
$5,498
per year
$164,947
over 30 years
$164,947
interest saved
How gap financing works: The equity gap ($36,041) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,245, 5% of purchase price) and a second mortgage for the rest ($9,796 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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