Loan Comparison: 4.98% vs 6.5%
13796 Park Meadows, Peyton, CO 80831 · 5bd/4ba · $630,000
List Price
$630,000
Assumable Rate
4.98%
Remaining Balance
$510,917
Equity Gap
$119,082
Loan Type
VAAdjust Your Scenario
$31,500
$31,500$119,082
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,783/moAssumable @ 4.98% + gap loan
$3,410/moAssumed loan: $2,736/mo
Gap financing: $673/mo
$373less per month with the assumable
Your Savings on This Property
13796 Park Meadows, Peyton · 4.98% VA vs 6.5% conventional
$373
per month
$4,476
per year
$134,289
over 30 years
$134,288
interest saved
How gap financing works: The equity gap ($119,082) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,500, 5% of purchase price) and a second mortgage for the rest ($87,582 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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