Loan Comparison: 2.77% vs 6.5%
9813 Fairway Glen, Peyton, CO 80831 · 5bd/4ba · $749,999
List Price
$749,999
Assumable Rate
2.77%
Remaining Balance
$552,728
Equity Gap
$197,271
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$197,271
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 2.77% + gap loan
$3,491/moAssumed loan: $2,262/mo
Gap financing: $1,229/mo
$1,013less per month with the assumable
Your Savings on This Property
9813 Fairway Glen, Peyton · 2.77% VA vs 6.5% conventional
$1,013
per month
$12,152
per year
$364,556
over 30 years
$364,556
interest saved
How gap financing works: The equity gap ($197,271) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($159,771 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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