Loan Comparison: 2.78% vs 6.5%
13713 Park Meadows Drive, Peyton, CO 80831 · 4bd/3ba · $525,000
List Price
$525,000
Assumable Rate
2.78%
Remaining Balance
$390,252
Equity Gap
$134,748
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$134,748
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.78% (VA)
Blended Rate: 3.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.78% + gap loan
$2,358/moAssumed loan: $1,599/mo
Gap financing: $759/mo
$794less per month with the assumable
Your Savings on This Property
13713 Park Meadows Drive, Peyton · 2.78% VA vs 6.5% conventional
$794
per month
$9,533
per year
$285,994
over 30 years
$285,994
interest saved
How gap financing works: The equity gap ($134,748) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($108,498 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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