Loan Comparison: 2.96% vs 6.5%
11334 Scenic Brush, Peyton, CO 80831 · 5bd/4ba · $579,000
List Price
$579,000
Assumable Rate
2.96%
Remaining Balance
$356,399
Equity Gap
$221,814
Loan Type
VAAdjust Your Scenario
$28,950
$28,950$221,814
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,477/moAssumable @ 2.96% + gap loan
$2,978/moAssumed loan: $1,495/mo
Gap financing: $1,483/mo
$499less per month with the assumable
Your Savings on This Property
11334 Scenic Brush, Peyton · 2.96% VA vs 6.5% conventional
$499
per month
$5,986
per year
$179,574
over 30 years
$178,787
interest saved
How gap financing works: The equity gap ($221,814) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,950, 5% of purchase price) and a second mortgage for the rest ($192,864 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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