Loan Comparison: 2.89% vs 6.5%
12432 Mount Bross Place, Peyton, CO 80831 · 4bd/4ba · $500,000
List Price
$500,000
Assumable Rate
2.89%
Remaining Balance
$387,587
Equity Gap
$112,413
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$112,413
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 3.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.89% + gap loan
$2,222/moAssumed loan: $1,611/mo
Gap financing: $611/mo
$780less per month with the assumable
Your Savings on This Property
12432 Mount Bross Place, Peyton · 2.89% VA vs 6.5% conventional
$780
per month
$9,359
per year
$280,778
over 30 years
$280,778
interest saved
How gap financing works: The equity gap ($112,413) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($87,413 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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