Loan Comparison: 3.08% vs 6.5%
12604 Pine Valley, Peyton, CO 80831 · 4bd/3ba · $535,000
List Price
$535,000
Assumable Rate
3.08%
Remaining Balance
$439,161
Equity Gap
$95,839
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$95,839
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.08% + gap loan
$2,402/moAssumed loan: $1,871/mo
Gap financing: $531/mo
$811less per month with the assumable
Your Savings on This Property
12604 Pine Valley, Peyton · 3.08% VA vs 6.5% conventional
$811
per month
$9,729
per year
$291,862
over 30 years
$291,862
interest saved
How gap financing works: The equity gap ($95,839) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($69,089 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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