Loan Comparison: 5.72% vs 6.5%
9881 Everglades, Peyton, CO 80831 · 3bd/3ba · $475,000
List Price
$475,000
Assumable Rate
5.72%
Remaining Balance
$132,695
Equity Gap
$342,305
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$342,305
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.72% (VA)
Blended Rate: 7.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 5.72% + gap loan
$3,221/moAssumed loan: $772/mo
Gap financing: $2,449/mo
Your Savings on This Property
9881 Everglades, Peyton · 5.72% 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 ($342,305) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($318,555 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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