Loan Comparison: 2.87% vs 6.5%
12763 Clark Peak Court, Peyton, CO 80831 · 2bd/3ba · $650,000
List Price
$650,000
Assumable Rate
2.87%
Remaining Balance
$484,445
Equity Gap
$165,554
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$165,554
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 3.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.87% + gap loan
$2,939/moAssumed loan: $2,009/mo
Gap financing: $930/mo
$964less per month with the assumable
Your Savings on This Property
12763 Clark Peak Court, Peyton · 2.87% VA vs 6.5% conventional
$964
per month
$11,569
per year
$347,060
over 30 years
$347,059
interest saved
How gap financing works: The equity gap ($165,554) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($133,054 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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