Loan Comparison: 2.68% vs 6.5%
12985 MT Harvard, Peyton, CO 80831 · 5bd/4ba · $677,000
List Price
$677,000
Assumable Rate
2.68%
Remaining Balance
$519,132
Equity Gap
$227,224
Loan Type
VAAdjust Your Scenario
$33,850
$33,850$227,224
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,065/moAssumable @ 2.68% + gap loan
$3,587/moAssumed loan: $2,100/mo
Gap financing: $1,487/mo
$478less per month with the assumable
Your Savings on This Property
12985 MT Harvard, Peyton · 2.68% VA vs 6.5% conventional
$478
per month
$5,738
per year
$172,136
over 30 years
$241,492
interest saved
How gap financing works: The equity gap ($227,224) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,850, 5% of purchase price) and a second mortgage for the rest ($193,374 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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