Loan Comparison: 3.47% vs 6.5%
9197 Oakmont Road, Peyton, CO 80831 · 4bd/4ba · $533,000
List Price
$533,000
Assumable Rate
3.47%
Remaining Balance
$293,053
Equity Gap
$239,947
Loan Type
VAAdjust Your Scenario
$26,650
$26,650$239,947
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,200/moAssumable @ 3.47% + gap loan
$2,802/moAssumed loan: $1,311/mo
Gap financing: $1,491/mo
$398less per month with the assumable
Your Savings on This Property
9197 Oakmont Road, Peyton · 3.47% VA vs 6.5% conventional
$398
per month
$4,776
per year
$143,293
over 30 years
$143,293
interest saved
How gap financing works: The equity gap ($239,947) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,650, 5% of purchase price) and a second mortgage for the rest ($213,297 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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