Loan Comparison: 2.96% vs 6.5%
13157 Stoney Meadows, Peyton, CO 80831 · 3bd/2ba · $500,000
List Price
$500,000
Assumable Rate
2.96%
Remaining Balance
$368,326
Equity Gap
$131,674
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$131,674
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.96% + gap loan
$2,365/moAssumed loan: $1,545/mo
Gap financing: $820/mo
$637less per month with the assumable
Your Savings on This Property
13157 Stoney Meadows, Peyton · 2.96% VA vs 6.5% conventional
$637
per month
$7,646
per year
$229,374
over 30 years
$229,374
interest saved
How gap financing works: The equity gap ($131,674) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($106,674 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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