Loan Comparison: 3.16% vs 6.5%
10024 Jaggar Way, Peyton, CO 80831 · 3bd/3ba · $470,000
List Price
$470,000
Assumable Rate
3.16%
Remaining Balance
$317,494
Equity Gap
$152,505
Loan Type
VAAdjust Your Scenario
$23,500
$23,500$152,505
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 4.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.16% + gap loan
$2,268/moAssumed loan: $1,366/mo
Gap financing: $902/mo
$554less per month with the assumable
Your Savings on This Property
10024 Jaggar Way, Peyton · 3.16% VA vs 6.5% conventional
$554
per month
$6,649
per year
$199,455
over 30 years
$199,454
interest saved
How gap financing works: The equity gap ($152,505) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,500, 5% of purchase price) and a second mortgage for the rest ($129,005 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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