Loan Comparison: 3.75% vs 6.5%
12692 Clark Peak, Peyton, CO 80831 · 5bd/5ba · $850,000
List Price
$850,000
Assumable Rate
3.75%
Remaining Balance
$689,327
Equity Gap
$156,793
Loan Type
VAAdjust Your Scenario
$42,500
$42,500$156,793
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,104/moAssumable @ 3.75% + gap loan
$4,071/moAssumed loan: $3,192/mo
Gap financing: $879/mo
$1,033less per month with the assumable
Your Savings on This Property
12692 Clark Peak, Peyton · 3.75% VA vs 6.5% conventional
$1,033
per month
$12,393
per year
$371,792
over 30 years
$367,912
interest saved
How gap financing works: The equity gap ($156,793) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,500, 5% of purchase price) and a second mortgage for the rest ($114,293 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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