Loan Comparison: 3.08% vs 6.5%
9212 Oakmont, Peyton, CO 80831 · 4bd/3ba · $495,900
List Price
$495,900
Assumable Rate
3.08%
Remaining Balance
$283,759
Equity Gap
$211,516
Loan Type
VAAdjust Your Scenario
$24,795
$24,795$211,516
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 5.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,978/moAssumable @ 3.08% + gap loan
$2,644/moAssumed loan: $1,209/mo
Gap financing: $1,436/mo
$333less per month with the assumable
Your Savings on This Property
9212 Oakmont, Peyton · 3.08% VA vs 6.5% conventional
$333
per month
$4,000
per year
$120,011
over 30 years
$119,386
interest saved
How gap financing works: The equity gap ($211,516) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,795, 5% of purchase price) and a second mortgage for the rest ($186,721 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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