Loan Comparison: 2.81% vs 6.5%
9745 Porch Swing Lane, Peyton, CO 80831 · 4bd/4ba · $489,900
List Price
$489,900
Assumable Rate
2.81%
Remaining Balance
$305,319
Equity Gap
$184,580
Loan Type
VAAdjust Your Scenario
$24,495
$24,495$184,580
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 2.81% + gap loan
$2,376/moAssumed loan: $1,256/mo
Gap financing: $1,119/mo
$566less per month with the assumable
Your Savings on This Property
9745 Porch Swing Lane, Peyton · 2.81% VA vs 6.5% conventional
$566
per month
$6,794
per year
$203,823
over 30 years
$203,822
interest saved
How gap financing works: The equity gap ($184,580) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,495, 5% of purchase price) and a second mortgage for the rest ($160,085 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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