Loan Comparison: 3.75% vs 6.5%
12692 Clark Peak, Peyton, CO 80831 · 5bd/5ba · $875,000
List Price
$875,000
Assumable Rate
3.75%
Remaining Balance
$691,918
Equity Gap
$183,082
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$183,082
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 3.75% + gap loan
$4,276/moAssumed loan: $3,204/mo
Gap financing: $1,071/mo
$978less per month with the assumable
Your Savings on This Property
12692 Clark Peak, Peyton · 3.75% VA vs 6.5% conventional
$978
per month
$11,740
per year
$352,203
over 30 years
$352,203
interest saved
How gap financing works: The equity gap ($183,082) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($139,332 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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