Loan Comparison: 2.77% vs 6.5%
9813 Fairway Glen, Peyton, CO 80831 · 5bd/4ba · $729,999
List Price
$729,999
Assumable Rate
2.77%
Remaining Balance
$550,142
Equity Gap
$178,562
Loan Type
VAAdjust Your Scenario
$36,500
$36,500$178,562
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,383/moAssumable @ 2.77% + gap loan
$3,344/moAssumed loan: $2,252/mo
Gap financing: $1,092/mo
$1,039less per month with the assumable
Your Savings on This Property
9813 Fairway Glen, Peyton · 2.77% VA vs 6.5% conventional
$1,039
per month
$12,472
per year
$374,153
over 30 years
$372,858
interest saved
How gap financing works: The equity gap ($178,562) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,500, 5% of purchase price) and a second mortgage for the rest ($142,062 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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