Loan Comparison: 2.94% vs 6.5%
6957 Peppertree, Niwot, CO 80503 · 5bd/4ba · $1,699,000
List Price
$1,699,000
Assumable Rate
2.94%
Remaining Balance
$441,952
Equity Gap
$1,252,921
Loan Type
VAAdjust Your Scenario
$84,950
$84,950$1,252,921
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 6.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$10,202/moAssumable @ 2.94% + gap loan
$10,830/moAssumed loan: $1,849/mo
Gap financing: $8,981/mo
Your Savings on This Property
6957 Peppertree, Niwot · 2.94% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($1,252,921) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($84,950, 5% of purchase price) and a second mortgage for the rest ($1,167,971 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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