Loan Comparison: 3.88% vs 6.5%
7335 Chelsey, Peyton, CO 80831 · 4bd/2ba · $479,900
List Price
$479,900
Assumable Rate
3.88%
Remaining Balance
$124,996
Equity Gap
$354,904
Loan Type
VAAdjust Your Scenario
$23,995
$23,995$354,904
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.88% (VA)
Blended Rate: 7.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 3.88% + gap loan
$3,133/moAssumed loan: $588/mo
Gap financing: $2,544/mo
Your Savings on This Property
7335 Chelsey, Peyton · 3.88% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($354,904) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,995, 5% of purchase price) and a second mortgage for the rest ($330,909 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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