Loan Comparison: 3.5% vs 6.5%
9204 Rockingham, Peyton, CO 80831 · 5bd/3ba · $750,000
List Price
$750,000
Assumable Rate
3.5%
Remaining Balance
$187,474
Equity Gap
$562,525
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$562,525
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.5% (VA)
Blended Rate: 7.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.5% + gap loan
$4,879/moAssumed loan: $842/mo
Gap financing: $4,037/mo
Your Savings on This Property
9204 Rockingham, Peyton · 3.5% 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 ($562,525) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($525,025 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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