Loan Comparison: 3.44% vs 6.5%
6885 Sphinx, Peyton, CO 80831 · 3bd/2ba · $484,900
List Price
$484,900
Assumable Rate
3.44%
Remaining Balance
$171,923
Equity Gap
$310,573
Loan Type
VAAdjust Your Scenario
$24,245
$24,245$310,573
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (VA)
Blended Rate: 6.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 3.44% + gap loan
$2,968/moAssumed loan: $766/mo
Gap financing: $2,202/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 ($310,573) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,245, 5% of purchase price) and a second mortgage for the rest ($286,328 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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