Loan Comparison: 3.07% vs 6.5%
12266 Crystal Downs, Peyton, CO 80831 · 5bd/3ba · $650,000
List Price
$650,000
Assumable Rate
3.07%
Remaining Balance
$496,369
Equity Gap
$155,726
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$155,726
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 4.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 3.07% + gap loan
$3,059/moAssumed loan: $2,111/mo
Gap financing: $948/mo
$844less per month with the assumable
Your Savings on This Property
12266 Crystal Downs, Peyton · 3.07% VA vs 6.5% conventional
$844
per month
$10,128
per year
$303,848
over 30 years
$305,943
interest saved
How gap financing works: The equity gap ($155,726) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($123,226 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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