Loan Comparison: 2.68% vs 6.5%
10031 Keating, Peyton, CO 80831 · 4bd/4ba · $815,000
List Price
$815,000
Assumable Rate
2.68%
Remaining Balance
$440,798
Equity Gap
$372,113
Loan Type
VAAdjust Your Scenario
$40,750
$40,750$372,113
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,894/moAssumable @ 2.68% + gap loan
$4,331/moAssumed loan: $1,783/mo
Gap financing: $2,548/mo
$563less per month with the assumable
Your Savings on This Property
10031 Keating, Peyton · 2.68% VA vs 6.5% conventional
$563
per month
$6,752
per year
$202,563
over 30 years
$200,474
interest saved
How gap financing works: The equity gap ($372,113) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,750, 5% of purchase price) and a second mortgage for the rest ($331,363 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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