Loan Comparison: 3.31% vs 6.5%
9902 Emerald Vista, Peyton, CO 80831 · 5bd/3ba · $495,000
List Price
$495,000
Assumable Rate
3.31%
Remaining Balance
$299,998
Equity Gap
$195,001
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$195,001
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 5.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 3.31% + gap loan
$2,625/moAssumed loan: $1,316/mo
Gap financing: $1,309/mo
$348less per month with the assumable
Your Savings on This Property
9902 Emerald Vista, Peyton · 3.31% VA vs 6.5% conventional
$348
per month
$4,172
per year
$125,175
over 30 years
$125,174
interest saved
How gap financing works: The equity gap ($195,001) 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 ($170,251 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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