Loan Comparison: 3.72% vs 6.5%
18515 Judge Orr, Peyton, CO 80831 · 5bd/5ba · $1,295,000
List Price
$1,295,000
Assumable Rate
3.72%
Remaining Balance
$940,932
Equity Gap
$486,406
Loan Type
VAAdjust Your Scenario
$64,750
$64,750$486,406
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 5.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,776/moAssumable @ 3.72% + gap loan
$7,584/moAssumed loan: $4,342/mo
Gap financing: $3,242/mo
$192less per month with the assumable
Your Savings on This Property
18515 Judge Orr, Peyton · 3.72% VA vs 6.5% conventional
$192
per month
$2,307
per year
$69,209
over 30 years
$201,547
interest saved
How gap financing works: The equity gap ($486,406) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($64,750, 5% of purchase price) and a second mortgage for the rest ($421,656 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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