Loan Comparison: 2.15% vs 6.5%
4080 Murr, Peyton, CO 80831 · 3bd/2ba · $599,900
List Price
$599,900
Assumable Rate
2.15%
Remaining Balance
$343,276
Equity Gap
$257,460
Loan Type
VAAdjust Your Scenario
$29,995
$29,995$257,460
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.15% (VA)
Blended Rate: 4.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,602/moAssumable @ 2.15% + gap loan
$3,044/moAssumed loan: $1,295/mo
Gap financing: $1,749/mo
$558less per month with the assumable
Your Savings on This Property
4080 Murr, Peyton · 2.15% VA vs 6.5% conventional
$558
per month
$6,702
per year
$201,045
over 30 years
$201,881
interest saved
How gap financing works: The equity gap ($257,460) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,995, 5% of purchase price) and a second mortgage for the rest ($227,465 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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