Loan Comparison: 3.44% vs 6.5%
6885 Sphinx, Peyton, CO 80831 · 3bd/2ba · $489,900
List Price
$489,900
Assumable Rate
3.44%
Remaining Balance
$172,889
Equity Gap
$317,011
Loan Type
VAAdjust Your Scenario
$24,495
$24,495$317,011
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (VA)
Blended Rate: 6.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 3.44% + gap loan
$3,020/moAssumed loan: $771/mo
Gap financing: $2,249/mo
Your Savings on This Property
6885 Sphinx, Peyton · 3.44% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($317,011) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,495, 5% of purchase price) and a second mortgage for the rest ($292,516 at 8.5%). 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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