Loan Comparison: 3.88% vs 6.5%
12854 Royal Birkdale, Peyton, CO 80831 · 3bd/3ba · $405,000
List Price
$405,000
Assumable Rate
3.88%
Remaining Balance
$194,444
Equity Gap
$210,071
Loan Type
VAAdjust Your Scenario
$20,250
$20,250$210,071
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.88% (VA)
Blended Rate: 6.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,432/moAssumable @ 3.88% + gap loan
$2,374/moAssumed loan: $915/mo
Gap financing: $1,460/mo
$57less per month with the assumable
Your Savings on This Property
12854 Royal Birkdale, Peyton · 3.88% VA vs 6.5% conventional
$57
per month
$689
per year
$20,671
over 30 years
$20,186
interest saved
How gap financing works: The equity gap ($210,071) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,250, 5% of purchase price) and a second mortgage for the rest ($189,821 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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