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
$653,864
Equity Gap
$946,136
Loan Type
VAAdjust Your Scenario
$80,000
$80,000$946,136
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 6.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,607/moAssumable @ 3.04% + gap loan
$9,431/moAssumed loan: $2,771/mo
Gap financing: $6,660/mo
$177less per month with the assumable
Your Savings on This Property
5430 Murr, Peyton · 3.04% VA vs 6.5% conventional
$177
per month
$2,121
per year
$63,632
over 30 years
$63,632
interest saved
How gap financing works: The equity gap ($946,136) 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 ($866,136 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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