Loan Comparison: 3.8% vs 6.5%
5810 Whipshaw, Peyton, CO 80831 · 3bd/2ba · $400,000
List Price
$400,000
Assumable Rate
3.8%
Remaining Balance
$260,443
Equity Gap
$139,556
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$139,556
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (VA)
Blended Rate: 5.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.8% + gap loan
$2,133/moAssumed loan: $1,214/mo
Gap financing: $919/mo
$269less per month with the assumable
Your Savings on This Property
5810 Whipshaw, Peyton · 3.8% VA vs 6.5% conventional
$269
per month
$3,228
per year
$96,848
over 30 years
$96,847
interest saved
How gap financing works: The equity gap ($139,556) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($119,556 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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