Loan Comparison: 3.07% vs 6.5%
14125 Citation Lane, Peyton, CO 80831 · 4bd/3ba · $1,100,000
List Price
$1,100,000
Assumable Rate
3.07%
Remaining Balance
$348,538
Equity Gap
$751,462
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$751,462
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 6.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 3.07% + gap loan
$6,352/moAssumed loan: $1,483/mo
Gap financing: $4,870/mo
$253less per month with the assumable
Your Savings on This Property
14125 Citation Lane, Peyton · 3.07% VA vs 6.5% conventional
$253
per month
$3,032
per year
$90,974
over 30 years
$90,974
interest saved
How gap financing works: The equity gap ($751,462) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($696,462 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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