Loan Comparison: 4.17% vs 6.5%
10450 Summer Ridge, Peyton, CO 80831 · 4bd/3ba · $539,900
List Price
$539,900
Assumable Rate
4.17%
Remaining Balance
$421,328
Equity Gap
$118,572
Loan Type
VAAdjust Your Scenario
$26,995
$26,995$118,572
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,242/moAssumable @ 4.17% + gap loan
$2,757/moAssumed loan: $2,053/mo
Gap financing: $704/mo
$485less per month with the assumable
Your Savings on This Property
10450 Summer Ridge, Peyton · 4.17% VA vs 6.5% conventional
$485
per month
$5,817
per year
$174,515
over 30 years
$174,515
interest saved
How gap financing works: The equity gap ($118,572) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,995, 5% of purchase price) and a second mortgage for the rest ($91,577 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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