Loan Comparison: 5.41% vs 6.5%
11515 Texarkanna, Peyton, CO 80831 · 5bd/4ba · $699,900
List Price
$699,900
Assumable Rate
5.41%
Remaining Balance
$565,244
Equity Gap
$133,863
Loan Type
VAAdjust Your Scenario
$34,995
$34,995$133,863
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 5.41% + gap loan
$3,938/moAssumed loan: $3,178/mo
Gap financing: $760/mo
$265less per month with the assumable
Your Savings on This Property
11515 Texarkanna, Peyton · 5.41% VA vs 6.5% conventional
$265
per month
$3,179
per year
$95,362
over 30 years
$94,569
interest saved
How gap financing works: The equity gap ($133,863) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,995, 5% of purchase price) and a second mortgage for the rest ($98,868 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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