Loan Comparison: 2.68% vs 6.5%
12985 Mt Harvard, Peyton, CO 80831 · 5bd/4ba · $630,000
List Price
$630,000
Assumable Rate
2.68%
Remaining Balance
$445,583
Equity Gap
$179,181
Loan Type
VAAdjust Your Scenario
$31,500
$31,500$179,181
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,783/moAssumable @ 2.68% + gap loan
$2,938/moAssumed loan: $1,803/mo
Gap financing: $1,136/mo
$845less per month with the assumable
Your Savings on This Property
12985 Mt Harvard, Peyton · 2.68% VA vs 6.5% conventional
$845
per month
$10,138
per year
$304,133
over 30 years
$298,897
interest saved
How gap financing works: The equity gap ($179,181) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,500, 5% of purchase price) and a second mortgage for the rest ($147,681 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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