Loan Comparison: 3.47% vs 6.5%
9197 Oakmont, Peyton, CO 80831 · 4bd/4ba · $544,900
List Price
$544,900
Assumable Rate
3.47%
Remaining Balance
$294,374
Equity Gap
$249,868
Loan Type
VAAdjust Your Scenario
$27,245
$27,245$249,868
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,272/moAssumable @ 3.47% + gap loan
$3,029/moAssumed loan: $1,317/mo
Gap financing: $1,712/mo
$243less per month with the assumable
Your Savings on This Property
9197 Oakmont, Peyton · 3.47% VA vs 6.5% conventional
$243
per month
$2,918
per year
$87,555
over 30 years
$86,897
interest saved
How gap financing works: The equity gap ($249,868) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,245, 5% of purchase price) and a second mortgage for the rest ($222,623 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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