Loan Comparison: 2.84% vs 6.5%
9188 Sunningdale, Peyton, CO 80831 · 5bd/4ba · $564,000
List Price
$564,000
Assumable Rate
2.84%
Remaining Balance
$306,861
Equity Gap
$257,138
Loan Type
VAAdjust Your Scenario
$28,200
$28,200$257,138
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,387/moAssumable @ 2.84% + gap loan
$3,028/moAssumed loan: $1,267/mo
Gap financing: $1,760/mo
$359less per month with the assumable
Your Savings on This Property
9188 Sunningdale, Peyton · 2.84% VA vs 6.5% conventional
$359
per month
$4,307
per year
$129,195
over 30 years
$129,194
interest saved
How gap financing works: The equity gap ($257,138) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,200, 5% of purchase price) and a second mortgage for the rest ($228,938 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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