Loan Comparison: 3.09% vs 6.5%
9941 Ledgestone Terrace, Peyton, CO 80831 · 5bd/4ba · $575,000
List Price
$575,000
Assumable Rate
3.09%
Remaining Balance
$466,516
Equity Gap
$108,484
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$108,484
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.09% (VA)
Blended Rate: 3.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.09% + gap loan
$2,547/moAssumed loan: $1,990/mo
Gap financing: $558/mo
$906less per month with the assumable
Your Savings on This Property
9941 Ledgestone Terrace, Peyton · 3.09% VA vs 6.5% conventional
$906
per month
$10,867
per year
$326,013
over 30 years
$326,013
interest saved
How gap financing works: The equity gap ($108,484) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($79,734 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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