Loan Comparison: 5.56% vs 6.5%
19005 Pinon Park, Peyton, CO 80831 · 5bd/4ba · $1,075,000
List Price
$1,075,000
Assumable Rate
5.56%
Remaining Balance
$930,008
Equity Gap
$146,255
Loan Type
VAAdjust Your Scenario
$53,750
$53,750$146,255
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.56% (VA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,455/moAssumable @ 5.56% + gap loan
$6,027/moAssumed loan: $5,316/mo
Gap financing: $711/mo
$428less per month with the assumable
Your Savings on This Property
19005 Pinon Park, Peyton · 5.56% VA vs 6.5% conventional
$428
per month
$5,138
per year
$154,139
over 30 years
$155,402
interest saved
How gap financing works: The equity gap ($146,255) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($53,750, 5% of purchase price) and a second mortgage for the rest ($92,505 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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