Loan Comparison: 3.95% vs 6.5%
12555 Handles Peak, Peyton, CO 80831 · 5bd/3ba · $705,000
List Price
$705,000
Assumable Rate
3.95%
Remaining Balance
$334,935
Equity Gap
$370,858
Loan Type
VAAdjust Your Scenario
$35,250
$35,250$370,858
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (VA)
Blended Rate: 6.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,233/moAssumable @ 3.95% + gap loan
$4,170/moAssumed loan: $1,589/mo
Gap financing: $2,581/mo
$63less per month with the assumable
Your Savings on This Property
12555 Handles Peak, Peyton · 3.95% VA vs 6.5% conventional
$63
per month
$760
per year
$22,806
over 30 years
$23,599
interest saved
How gap financing works: The equity gap ($370,858) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,250, 5% of purchase price) and a second mortgage for the rest ($335,608 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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