Loan Comparison: 2.94% vs 6.5%
9817 Beckham, Peyton, CO 80831 · 3bd/2ba · $449,000
List Price
$449,000
Assumable Rate
2.94%
Remaining Balance
$300,969
Equity Gap
$149,420
Loan Type
VAAdjust Your Scenario
$22,450
$22,450$149,420
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 4.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,696/moAssumable @ 2.94% + gap loan
$2,235/moAssumed loan: $1,259/mo
Gap financing: $976/mo
$461less per month with the assumable
Your Savings on This Property
9817 Beckham, Peyton · 2.94% VA vs 6.5% conventional
$461
per month
$5,527
per year
$165,822
over 30 years
$167,211
interest saved
How gap financing works: The equity gap ($149,420) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,450, 5% of purchase price) and a second mortgage for the rest ($126,970 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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