Loan Comparison: 4.1% vs 6.5%
9395 Doe Creek, Peyton, CO 80831 · 5bd/5ba · $899,990
List Price
$899,990
Assumable Rate
4.1%
Remaining Balance
$467,028
Equity Gap
$431,854
Loan Type
VAAdjust Your Scenario
$45,000
$45,000$431,854
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.1% (VA)
Blended Rate: 6.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 4.1% + gap loan
$5,231/moAssumed loan: $2,257/mo
Gap financing: $2,975/mo
$173less per month with the assumable
Your Savings on This Property
9395 Doe Creek, Peyton · 4.1% VA vs 6.5% conventional
$173
per month
$2,075
per year
$62,236
over 30 years
$61,127
interest saved
How gap financing works: The equity gap ($431,854) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($45,000, 5% of purchase price) and a second mortgage for the rest ($386,854 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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