Loan Comparison: 2.87% vs 6.5%
12721 Windingwalk, Peyton, CO 80831 · 3bd/3ba · $440,000
List Price
$440,000
Assumable Rate
2.87%
Remaining Balance
$344,625
Equity Gap
$95,374
Loan Type
VAAdjust Your Scenario
$22,000
$22,000$95,374
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 3.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 2.87% + gap loan
$1,993/moAssumed loan: $1,429/mo
Gap financing: $564/mo
$649less per month with the assumable
Your Savings on This Property
12721 Windingwalk, Peyton · 2.87% VA vs 6.5% conventional
$649
per month
$7,788
per year
$233,625
over 30 years
$233,624
interest saved
How gap financing works: The equity gap ($95,374) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($73,374 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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