Loan Comparison: 3.31% vs 6.5%
9902 Emerald Vista, Peyton, CO 80831 · 0bd/0ba · $495,000
List Price
$495,000
Assumable Rate
3.31%
Remaining Balance
$300,680
Equity Gap
$192,286
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$192,286
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 5.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 3.31% + gap loan
$2,607/moAssumed loan: $1,319/mo
Gap financing: $1,288/mo
$366less per month with the assumable
Your Savings on This Property
9902 Emerald Vista, Peyton · 3.31% VA vs 6.5% conventional
$366
per month
$4,387
per year
$131,613
over 30 years
$129,579
interest saved
How gap financing works: The equity gap ($192,286) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($167,536 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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