Loan Comparison: 2.83% vs 6.5%
10191 Keating, Peyton, CO 80831 · 5bd/3ba · $575,000
List Price
$575,000
Assumable Rate
2.83%
Remaining Balance
$417,698
Equity Gap
$156,322
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$156,322
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 2.83% + gap loan
$2,704/moAssumed loan: $1,723/mo
Gap financing: $981/mo
$749less per month with the assumable
Your Savings on This Property
10191 Keating, Peyton · 2.83% VA vs 6.5% conventional
$749
per month
$8,985
per year
$269,563
over 30 years
$268,583
interest saved
How gap financing works: The equity gap ($156,322) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($127,572 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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