Loan Comparison: 3.05% vs 6.5%
12266 Crystal Downs Road, Peyton, CO 80831 · 4bd/2ba · $560,000
List Price
$560,000
Assumable Rate
3.05%
Remaining Balance
$489,888
Equity Gap
$70,111
Loan Type
VAAdjust Your Scenario
$28,000
$28,000$70,111
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (VA)
Blended Rate: 3.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,363/moAssumable @ 3.05% + gap loan
$2,373/moAssumed loan: $2,079/mo
Gap financing: $294/mo
$990less per month with the assumable
Your Savings on This Property
12266 Crystal Downs Road, Peyton · 3.05% VA vs 6.5% conventional
$990
per month
$11,874
per year
$356,232
over 30 years
$356,231
interest saved
How gap financing works: The equity gap ($70,111) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,000, 5% of purchase price) and a second mortgage for the rest ($42,111 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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