Loan Comparison: 2.83% vs 6.5%
10191 Keating, Peyton, CO 80831 · 5bd/3ba · $599,000
List Price
$599,000
Assumable Rate
2.83%
Remaining Balance
$420,629
Equity Gap
$180,322
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$180,322
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 2.83% + gap loan
$2,891/moAssumed loan: $1,735/mo
Gap financing: $1,156/mo
$705less per month with the assumable
Your Savings on This Property
10191 Keating, Peyton · 2.83% VA vs 6.5% conventional
$705
per month
$8,466
per year
$253,978
over 30 years
$255,929
interest saved
How gap financing works: The equity gap ($180,322) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($150,372 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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