Loan Comparison: 2.88% vs 6.5%
9622 Fairway Glen, Peyton, CO 80831 · 4bd/5ba · $789,900
List Price
$789,900
Assumable Rate
2.88%
Remaining Balance
$536,942
Equity Gap
$248,202
Loan Type
VAAdjust Your Scenario
$39,495
$39,495$248,202
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 4.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,743/moAssumable @ 2.88% + gap loan
$3,834/moAssumed loan: $2,229/mo
Gap financing: $1,605/mo
$909less per month with the assumable
Your Savings on This Property
9622 Fairway Glen, Peyton · 2.88% VA vs 6.5% conventional
$909
per month
$10,910
per year
$327,286
over 30 years
$322,530
interest saved
How gap financing works: The equity gap ($248,202) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,495, 5% of purchase price) and a second mortgage for the rest ($208,707 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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