Loan Comparison: 2.74% vs 6.5%
10374 Mount Wilson, Peyton, CO 80831 · 5bd/4ba · $539,000
List Price
$539,000
Assumable Rate
2.74%
Remaining Balance
$343,903
Equity Gap
$194,292
Loan Type
VAAdjust Your Scenario
$26,950
$26,950$194,292
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 4.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,237/moAssumable @ 2.74% + gap loan
$2,689/moAssumed loan: $1,402/mo
Gap financing: $1,287/mo
$548less per month with the assumable
Your Savings on This Property
10374 Mount Wilson, Peyton · 2.74% VA vs 6.5% conventional
$548
per month
$6,572
per year
$197,156
over 30 years
$196,351
interest saved
How gap financing works: The equity gap ($194,292) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,950, 5% of purchase price) and a second mortgage for the rest ($167,342 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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