Loan Comparison: 2.87% vs 6.5%
12801 Oakland Hills, Peyton, CO 80831 · 4bd/3ba · $575,000
List Price
$575,000
Assumable Rate
2.87%
Remaining Balance
$447,115
Equity Gap
$127,884
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$127,884
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 3.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 2.87% + gap loan
$2,616/moAssumed loan: $1,854/mo
Gap financing: $762/mo
$837less per month with the assumable
Your Savings on This Property
12801 Oakland Hills, Peyton · 2.87% VA vs 6.5% conventional
$837
per month
$10,039
per year
$301,163
over 30 years
$301,162
interest saved
How gap financing works: The equity gap ($127,884) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($99,134 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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