Loan Comparison: 3.76% vs 6.5%
6480 Crebs, Peyton, CO 80831 · 3bd/2ba · $495,000
List Price
$495,000
Assumable Rate
3.76%
Remaining Balance
$355,515
Equity Gap
$140,814
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$140,814
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 3.76% + gap loan
$2,541/moAssumed loan: $1,648/mo
Gap financing: $892/mo
$431less per month with the assumable
Your Savings on This Property
6480 Crebs, Peyton · 3.76% VA vs 6.5% conventional
$431
per month
$5,177
per year
$155,306
over 30 years
$156,635
interest saved
How gap financing works: The equity gap ($140,814) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($116,064 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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