Loan Comparison: 2.78% vs 6.5%
21295 US Highway 24, Peyton, CO 80831 · 2bd/3ba · $1,149,900
List Price
$1,149,900
Assumable Rate
2.78%
Remaining Balance
$845,033
Equity Gap
$333,656
Loan Type
VAAdjust Your Scenario
$57,495
$57,495$333,656
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.78% (VA)
Blended Rate: 4.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,905/moAssumable @ 2.78% + gap loan
$5,587/moAssumed loan: $3,463/mo
Gap financing: $2,123/mo
$1,318less per month with the assumable
Your Savings on This Property
21295 US Highway 24, Peyton · 2.78% VA vs 6.5% conventional
$1,318
per month
$15,817
per year
$474,512
over 30 years
$503,301
interest saved
How gap financing works: The equity gap ($333,656) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($57,495, 5% of purchase price) and a second mortgage for the rest ($276,161 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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