Loan Comparison: 3.02% vs 6.5%
11232 Allendale, Peyton, CO 80831 · 5bd/3ba · $543,500
List Price
$543,500
Assumable Rate
3.02%
Remaining Balance
$351,614
Equity Gap
$189,470
Loan Type
VAAdjust Your Scenario
$27,175
$27,175$189,470
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,264/moAssumable @ 3.02% + gap loan
$2,734/moAssumed loan: $1,486/mo
Gap financing: $1,248/mo
$529less per month with the assumable
Your Savings on This Property
11232 Allendale, Peyton · 3.02% VA vs 6.5% conventional
$529
per month
$6,353
per year
$190,585
over 30 years
$188,169
interest saved
How gap financing works: The equity gap ($189,470) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,175, 5% of purchase price) and a second mortgage for the rest ($162,295 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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