Loan Comparison: 3.6% vs 6.5%
10933 Checo, Peyton, CO 80831 · 4bd/3ba · $625,000
List Price
$625,000
Assumable Rate
3.6%
Remaining Balance
$322,200
Equity Gap
$539,789
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$539,789
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 6.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 3.6% + gap loan
$5,375/moAssumed loan: $1,465/mo
Gap financing: $3,910/mo
Your Savings on This Property
10933 Checo, Peyton · 3.6% 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 ($539,789) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($508,539 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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