Loan Comparison: 2.96% vs 6.5%
11334 Scenic Brush, Peyton, CO 80831 · 5bd/4ba · $524,900
List Price
$524,900
Assumable Rate
2.96%
Remaining Balance
$354,820
Equity Gap
$167,714
Loan Type
VAAdjust Your Scenario
$26,245
$26,245$167,714
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.96% + gap loan
$2,576/moAssumed loan: $1,488/mo
Gap financing: $1,088/mo
$576less per month with the assumable
Your Savings on This Property
11334 Scenic Brush, Peyton · 2.96% VA vs 6.5% conventional
$576
per month
$6,909
per year
$207,278
over 30 years
$204,912
interest saved
How gap financing works: The equity gap ($167,714) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,245, 5% of purchase price) and a second mortgage for the rest ($141,469 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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