Loan Comparison: 3.05% vs 6.5%
11386 San Luis Peak Way, Peyton, CO 80831 · 5bd/3ba · $725,000
List Price
$725,000
Assumable Rate
3.05%
Remaining Balance
$225,420
Equity Gap
$499,579
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$499,579
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (VA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 3.05% + gap loan
$4,196/moAssumed loan: $956/mo
Gap financing: $3,240/mo
$157less per month with the assumable
Your Savings on This Property
11386 San Luis Peak Way, Peyton · 3.05% VA vs 6.5% conventional
$157
per month
$1,887
per year
$56,605
over 30 years
$56,604
interest saved
How gap financing works: The equity gap ($499,579) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($463,329 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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