Loan Comparison: 3.07% vs 6.5%
8770 Royal Lytham, Peyton, CO 80831 · 5bd/4ba · $595,000
List Price
$595,000
Assumable Rate
3.07%
Remaining Balance
$474,101
Equity Gap
$121,899
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$121,899
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 3.07% + gap loan
$2,725/moAssumed loan: $2,017/mo
Gap financing: $709/mo
$847less per month with the assumable
Your Savings on This Property
8770 Royal Lytham, Peyton · 3.07% VA vs 6.5% conventional
$847
per month
$10,169
per year
$305,081
over 30 years
$306,081
interest saved
How gap financing works: The equity gap ($121,899) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($92,149 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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