Loan Comparison: 4.17% vs 6.5%
10534 Summer Ridge, Peyton, CO 80831 · 4bd/3ba · $550,000
List Price
$550,000
Assumable Rate
4.17%
Remaining Balance
$512,537
Equity Gap
$37,462
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$37,462
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 4.17% + gap loan
$2,574/moAssumed loan: $2,497/mo
Gap financing: $77/mo
$729less per month with the assumable
Your Savings on This Property
10534 Summer Ridge, Peyton · 4.17% VA vs 6.5% conventional
$729
per month
$8,742
per year
$262,270
over 30 years
$262,269
interest saved
How gap financing works: The equity gap ($37,462) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($9,962 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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