Loan Comparison: 2.81% vs 6.5%
10619 Ross Lake, Peyton, CO 80831 · 4bd/3ba · $525,000
List Price
$525,000
Assumable Rate
2.81%
Remaining Balance
$224,043
Equity Gap
$300,443
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$300,443
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 5.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.81% + gap loan
$3,030/moAssumed loan: $922/mo
Gap financing: $2,108/mo
$122less per month with the assumable
Your Savings on This Property
10619 Ross Lake, Peyton · 2.81% VA vs 6.5% conventional
$122
per month
$1,468
per year
$44,050
over 30 years
$43,536
interest saved
How gap financing works: The equity gap ($300,443) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($274,193 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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