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
$403,014
Equity Gap
$56,885
Loan Type
VAAdjust Your Scenario
$22,995
$22,995$56,885
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 2.9% + gap loan
$1,938/moAssumed loan: $1,677/mo
Gap financing: $261/mo
$823less per month with the assumable
Your Savings on This Property
12820 Stone Valley, Peyton · 2.9% VA vs 6.5% conventional
$823
per month
$9,882
per year
$296,455
over 30 years
$296,454
interest saved
How gap financing works: The equity gap ($56,885) 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 ($33,890 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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