Loan Comparison: 2.68% vs 6.5%
10031 Keating, Peyton, CO 80831 · 4bd/4ba · $840,000
List Price
$840,000
Assumable Rate
2.68%
Remaining Balance
$442,887
Equity Gap
$397,113
Loan Type
VAAdjust Your Scenario
$42,000
$42,000$397,113
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,044/moAssumable @ 2.68% + gap loan
$4,522/moAssumed loan: $1,792/mo
Gap financing: $2,731/mo
$522less per month with the assumable
Your Savings on This Property
10031 Keating, Peyton · 2.68% VA vs 6.5% conventional
$522
per month
$6,261
per year
$187,820
over 30 years
$187,820
interest saved
How gap financing works: The equity gap ($397,113) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,000, 5% of purchase price) and a second mortgage for the rest ($355,113 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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