Loan Comparison: 2.89% vs 6.5%
10751 Shavano Peak, Peyton, CO 80831 · 5bd/4ba · $599,900
List Price
$599,900
Assumable Rate
2.89%
Remaining Balance
$344,873
Equity Gap
$255,027
Loan Type
VAAdjust Your Scenario
$29,995
$29,995$255,027
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 5.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,602/moAssumable @ 2.89% + gap loan
$3,164/moAssumed loan: $1,434/mo
Gap financing: $1,730/mo
$438less per month with the assumable
Your Savings on This Property
10751 Shavano Peak, Peyton · 2.89% VA vs 6.5% conventional
$438
per month
$5,259
per year
$157,776
over 30 years
$157,776
interest saved
How gap financing works: The equity gap ($255,027) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,995, 5% of purchase price) and a second mortgage for the rest ($225,032 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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