Loan Comparison: 3.04% vs 6.5%
5430 Murr, Peyton, CO 80831 · 4bd/3ba · $1,600,000
List Price
$1,600,000
Assumable Rate
3.04%
Remaining Balance
$806,334
Equity Gap
$941,763
Loan Type
VAAdjust Your Scenario
$80,000
$80,000$941,763
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 5.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,607/moAssumable @ 3.04% + gap loan
$10,043/moAssumed loan: $3,417/mo
Gap financing: $6,626/mo
Your Savings on This Property
5430 Murr, Peyton · 3.04% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($941,763) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($80,000, 5% of purchase price) and a second mortgage for the rest ($861,763 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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