Loan Comparison: 2.96% vs 6.5%
11467 Bunshaft, Peyton, CO 80831 · 4bd/4ba · $420,000
List Price
$420,000
Assumable Rate
2.96%
Remaining Balance
$356,836
Equity Gap
$63,164
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$63,164
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 3.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 2.96% + gap loan
$1,821/moAssumed loan: $1,497/mo
Gap financing: $324/mo
$701less per month with the assumable
Your Savings on This Property
11467 Bunshaft, Peyton · 2.96% VA vs 6.5% conventional
$701
per month
$8,412
per year
$252,360
over 30 years
$252,360
interest saved
How gap financing works: The equity gap ($63,164) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($42,164 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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