Loan Comparison: 2.99% vs 6.5%
9652 Emerald Vista Drive, Peyton, CO 80831 · 3bd/3ba · $529,900
List Price
$529,900
Assumable Rate
2.99%
Remaining Balance
$368,335
Equity Gap
$161,564
Loan Type
VAAdjust Your Scenario
$26,495
$26,495$161,564
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 2.99% + gap loan
$2,495/moAssumed loan: $1,551/mo
Gap financing: $944/mo
$687less per month with the assumable
Your Savings on This Property
9652 Emerald Vista Drive, Peyton · 2.99% VA vs 6.5% conventional
$687
per month
$8,238
per year
$247,144
over 30 years
$247,143
interest saved
How gap financing works: The equity gap ($161,564) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($135,069 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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