Loan Comparison: 2.75% vs 6.5%
9876 Chromatic, Peyton, CO 80831 · 4bd/3ba · $535,000
List Price
$535,000
Assumable Rate
2.75%
Remaining Balance
$510,325
Equity Gap
$102,529
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$102,529
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 3.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 2.75% + gap loan
$2,666/moAssumed loan: $2,083/mo
Gap financing: $583/mo
$546less per month with the assumable
Your Savings on This Property
9876 Chromatic, Peyton · 2.75% VA vs 6.5% conventional
$546
per month
$6,557
per year
$196,723
over 30 years
$274,577
interest saved
How gap financing works: The equity gap ($102,529) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($75,779 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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