Loan Comparison: 3.08% vs 6.5%
9849 Rockingham Drive, Peyton, CO 80831 · 4bd/3ba · $740,000
List Price
$740,000
Assumable Rate
3.08%
Remaining Balance
$356,982
Equity Gap
$383,017
Loan Type
VAAdjust Your Scenario
$37,000
$37,000$383,017
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,443/moAssumable @ 3.08% + gap loan
$3,940/moAssumed loan: $1,520/mo
Gap financing: $2,419/mo
$504less per month with the assumable
Your Savings on This Property
9849 Rockingham Drive, Peyton · 3.08% VA vs 6.5% conventional
$504
per month
$6,042
per year
$181,275
over 30 years
$181,274
interest saved
How gap financing works: The equity gap ($383,017) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,000, 5% of purchase price) and a second mortgage for the rest ($346,017 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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