Loan Comparison: 2.35% vs 6.5%
14934 Pamela, Peyton, CO 80831 · 5bd/3ba · $524,900
List Price
$524,900
Assumable Rate
2.35%
Remaining Balance
$356,703
Equity Gap
$168,197
Loan Type
VAAdjust Your Scenario
$26,245
$26,245$168,197
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.35% (VA)
Blended Rate: 4.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.35% + gap loan
$2,473/moAssumed loan: $1,382/mo
Gap financing: $1,091/mo
$679less per month with the assumable
Your Savings on This Property
14934 Pamela, Peyton · 2.35% VA vs 6.5% conventional
$679
per month
$8,143
per year
$244,297
over 30 years
$244,297
interest saved
How gap financing works: The equity gap ($168,197) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,245, 5% of purchase price) and a second mortgage for the rest ($141,952 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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