Loan Comparison: 2.87% vs 6.5%
12749 Sunrise Ridge, Peyton, CO 80831 · 5bd/3ba · $599,000
List Price
$599,000
Assumable Rate
2.87%
Remaining Balance
$451,077
Equity Gap
$146,915
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$146,915
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 4.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 2.87% + gap loan
$2,770/moAssumed loan: $1,870/mo
Gap financing: $899/mo
$827less per month with the assumable
Your Savings on This Property
12749 Sunrise Ridge, Peyton · 2.87% VA vs 6.5% conventional
$827
per month
$9,926
per year
$297,772
over 30 years
$296,764
interest saved
How gap financing works: The equity gap ($146,915) 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 ($116,965 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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