Loan Comparison: 2.9% vs 6.5%
12820 Stone Valley, Peyton, CO 80831 · 3bd/2ba · $459,900
List Price
$459,900
Assumable Rate
2.9%
Remaining Balance
$405,675
Equity Gap
$55,996
Loan Type
VAAdjust Your Scenario
$22,995
$22,995$55,996
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 2.9% + gap loan
$1,942/moAssumed loan: $1,689/mo
Gap financing: $254/mo
$819less per month with the assumable
Your Savings on This Property
12820 Stone Valley, Peyton · 2.9% VA vs 6.5% conventional
$819
per month
$9,831
per year
$294,929
over 30 years
$296,700
interest saved
How gap financing works: The equity gap ($55,996) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,995, 5% of purchase price) and a second mortgage for the rest ($33,001 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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