Loan Comparison: 3.91% vs 6.5%
7895 Antelope Meadows, Peyton, CO 80831 ยท 5bd/3ba ยท $579,000
List Price
$579,000
Assumable Rate
3.91%
Remaining Balance
$345,000
Equity Gap
$298,541
Loan Type
VAAdjust Your Scenario
$28,950
$28,950$298,541
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.91% (VA)
Blended Rate: 5.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,477/moAssumable @ 3.91% + gap loan
$3,702/moAssumed loan: $1,629/mo
Gap financing: $2,073/mo
Your Savings on This Property
7895 Antelope Meadows, Peyton ยท 3.91% 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 ($298,541) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,950, 5% of purchase price) and a second mortgage for the rest ($269,591 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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