Loan Comparison: 2.84% vs 6.5%
10977 Mount Evans, Peyton, CO 80831 · 7bd/4ba · $675,000
List Price
$675,000
Assumable Rate
2.84%
Remaining Balance
$442,739
Equity Gap
$234,220
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$234,220
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 4.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 2.84% + gap loan
$3,370/moAssumed loan: $1,829/mo
Gap financing: $1,541/mo
$683less per month with the assumable
Your Savings on This Property
10977 Mount Evans, Peyton · 2.84% VA vs 6.5% conventional
$683
per month
$8,197
per year
$245,908
over 30 years
$247,867
interest saved
How gap financing works: The equity gap ($234,220) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($200,470 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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