Loan Comparison: 5.52% vs 6.5%
9423 Fairway Glen, Peyton, CO 80831 · 4bd/3ba · $599,000
List Price
$599,000
Assumable Rate
5.52%
Remaining Balance
$562,644
Equity Gap
$36,356
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$36,356
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 5.52% + gap loan
$3,251/moAssumed loan: $3,202/mo
Gap financing: $49/mo
$346less per month with the assumable
Your Savings on This Property
9423 Fairway Glen, Peyton · 5.52% VA vs 6.5% conventional
$346
per month
$4,150
per year
$124,500
over 30 years
$124,500
interest saved
How gap financing works: The equity gap ($36,356) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($6,406 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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