Loan Comparison: 3.18% vs 6.5%
10240 Hidden Park Way, Peyton, CO 80831 · 3bd/3ba · $499,999
List Price
$499,999
Assumable Rate
3.18%
Remaining Balance
$408,814
Equity Gap
$91,185
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$91,185
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 3.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.18% + gap loan
$2,226/moAssumed loan: $1,764/mo
Gap financing: $463/mo
$776less per month with the assumable
Your Savings on This Property
10240 Hidden Park Way, Peyton · 3.18% VA vs 6.5% conventional
$776
per month
$9,312
per year
$279,369
over 30 years
$279,369
interest saved
How gap financing works: The equity gap ($91,185) 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 ($66,185 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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