Loan Comparison: 2.81% vs 6.5%
9745 Porch Swing, Peyton, CO 80831 · 5bd/3ba · $529,900
List Price
$529,900
Assumable Rate
2.81%
Remaining Balance
$348,859
Equity Gap
$220,339
Loan Type
VAAdjust Your Scenario
$26,495
$26,495$220,339
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 2.81% + gap loan
$2,926/moAssumed loan: $1,435/mo
Gap financing: $1,490/mo
$256less per month with the assumable
Your Savings on This Property
9745 Porch Swing, Peyton · 2.81% VA vs 6.5% conventional
$256
per month
$3,073
per year
$92,186
over 30 years
$131,484
interest saved
How gap financing works: The equity gap ($220,339) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($193,844 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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