Loan Comparison: 2.8% vs 6.5%
10958 Avena Road, Peyton, CO 80831 · 3bd/3ba · $439,000
List Price
$439,000
Assumable Rate
2.8%
Remaining Balance
$403,789
Equity Gap
$35,211
Loan Type
VAAdjust Your Scenario
$21,950
$21,950$35,211
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (VA)
Blended Rate: 2.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 2.8% + gap loan
$1,752/moAssumed loan: $1,659/mo
Gap financing: $93/mo
$884less per month with the assumable
Your Savings on This Property
10958 Avena Road, Peyton · 2.8% VA vs 6.5% conventional
$884
per month
$10,610
per year
$318,301
over 30 years
$318,301
interest saved
How gap financing works: The equity gap ($35,211) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($13,261 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.
🏠
Back to This Listing
View photos, details, and request a showing for 10958 Avena Road.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.