Loan Comparison: 2.99% vs 6.5%
12820 Stone Valley Drive, Peyton, CO 80831 · 5bd/3ba · $439,900
List Price
$439,900
Assumable Rate
2.99%
Remaining Balance
$401,848
Equity Gap
$38,052
Loan Type
VAAdjust Your Scenario
$21,995
$21,995$38,052
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 3.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,641/moAssumable @ 2.99% + gap loan
$1,804/moAssumed loan: $1,692/mo
Gap financing: $112/mo
$837less per month with the assumable
Your Savings on This Property
12820 Stone Valley Drive, Peyton · 2.99% VA vs 6.5% conventional
$837
per month
$10,046
per year
$301,367
over 30 years
$301,367
interest saved
How gap financing works: The equity gap ($38,052) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,995, 5% of purchase price) and a second mortgage for the rest ($16,057 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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