Loan Comparison: 4.75% vs 6.5%
8524 Towner, Peyton, CO 80831 · 5bd/4ba · $999,000
List Price
$999,000
Assumable Rate
4.75%
Remaining Balance
$923,175
Equity Gap
$74,335
Loan Type
VAAdjust Your Scenario
$49,950
$49,950$74,335
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (VA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,999/moAssumable @ 4.75% + gap loan
$5,003/moAssumed loan: $4,816/mo
Gap financing: $187/mo
$995less per month with the assumable
Your Savings on This Property
8524 Towner, Peyton · 4.75% VA vs 6.5% conventional
$995
per month
$11,945
per year
$358,353
over 30 years
$356,863
interest saved
How gap financing works: The equity gap ($74,335) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,950, 5% of purchase price) and a second mortgage for the rest ($24,385 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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