Loan Comparison: 3.31% vs 6.5%
9902 Emerald Vista Drive, Peyton, CO 80831 · 5bd/4ba · $495,000
List Price
$495,000
Assumable Rate
3.31%
Remaining Balance
$299,315
Equity Gap
$195,685
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$195,685
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 4.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 3.31% + gap loan
$2,508/moAssumed loan: $1,313/mo
Gap financing: $1,195/mo
$465less per month with the assumable
Your Savings on This Property
9902 Emerald Vista Drive, Peyton · 3.31% VA vs 6.5% conventional
$465
per month
$5,575
per year
$167,250
over 30 years
$167,250
interest saved
How gap financing works: The equity gap ($195,685) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($170,935 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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