Loan Comparison: 2.66% vs 6.5%
9813 Fairway Glen Drive, Peyton, CO 80831 · 5bd/3ba · $719,999
List Price
$719,999
Assumable Rate
2.66%
Remaining Balance
$546,293
Equity Gap
$173,706
Loan Type
VAAdjust Your Scenario
$36,000
$36,000$173,706
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (VA)
Blended Rate: 3.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,323/moAssumable @ 2.66% + gap loan
$3,167/moAssumed loan: $2,204/mo
Gap financing: $963/mo
$1,156less per month with the assumable
Your Savings on This Property
9813 Fairway Glen Drive, Peyton · 2.66% VA vs 6.5% conventional
$1,156
per month
$13,875
per year
$416,247
over 30 years
$416,247
interest saved
How gap financing works: The equity gap ($173,706) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,000, 5% of purchase price) and a second mortgage for the rest ($137,706 at 7.5%). 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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