Loan Comparison: 3.07% vs 6.5%
9875 Granite Park, Peyton, CO 80831 · 4bd/3ba · $509,999
List Price
$509,999
Assumable Rate
3.07%
Remaining Balance
$437,632
Equity Gap
$72,366
Loan Type
VAAdjust Your Scenario
$25,500
$25,500$72,366
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.07% + gap loan
$2,222/moAssumed loan: $1,862/mo
Gap financing: $360/mo
$840less per month with the assumable
Your Savings on This Property
9875 Granite Park, Peyton · 3.07% VA vs 6.5% conventional
$840
per month
$10,084
per year
$302,532
over 30 years
$302,531
interest saved
How gap financing works: The equity gap ($72,366) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($46,866 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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