Loan Comparison: 3.23% vs 6.5%
9362 St George, Peyton, CO 80831 · 6bd/3ba · $619,000
List Price
$619,000
Assumable Rate
3.23%
Remaining Balance
$323,063
Equity Gap
$295,936
Loan Type
VAAdjust Your Scenario
$30,950
$30,950$295,936
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,717/moAssumable @ 3.23% + gap loan
$3,440/moAssumed loan: $1,402/mo
Gap financing: $2,038/mo
$277less per month with the assumable
Your Savings on This Property
9362 St George, Peyton · 3.23% VA vs 6.5% conventional
$277
per month
$3,323
per year
$99,690
over 30 years
$99,689
interest saved
How gap financing works: The equity gap ($295,936) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,950, 5% of purchase price) and a second mortgage for the rest ($264,986 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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