Loan Comparison: 3.46% vs 6.5%
10437 Mount Evans, Peyton, CO 80831 · 4bd/4ba · $579,900
List Price
$579,900
Assumable Rate
3.46%
Remaining Balance
$212,372
Equity Gap
$368,113
Loan Type
VAAdjust Your Scenario
$28,995
$28,995$368,113
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (VA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,482/moAssumable @ 3.46% + gap loan
$3,556/moAssumed loan: $949/mo
Gap financing: $2,608/mo
Your Savings on This Property
10437 Mount Evans, Peyton · 3.46% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($368,113) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,995, 5% of purchase price) and a second mortgage for the rest ($339,118 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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