Loan Comparison: 2.89% vs 6.5%
12432 Mount Bross, Peyton, CO 80831 · 5bd/3ba · $550,000
List Price
$550,000
Assumable Rate
2.89%
Remaining Balance
$391,230
Equity Gap
$157,864
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$157,864
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 4.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 2.89% + gap loan
$2,629/moAssumed loan: $1,626/mo
Gap financing: $1,002/mo
$674less per month with the assumable
Your Savings on This Property
12432 Mount Bross, Peyton · 2.89% VA vs 6.5% conventional
$674
per month
$8,086
per year
$242,585
over 30 years
$241,679
interest saved
How gap financing works: The equity gap ($157,864) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($130,364 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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