Loan Comparison: 3.05% vs 6.5%
12763 Clark Peak, Peyton, CO 80831 · 4bd/4ba · $675,000
List Price
$675,000
Assumable Rate
3.05%
Remaining Balance
$487,028
Equity Gap
$186,911
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$186,911
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (VA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.05% + gap loan
$3,244/moAssumed loan: $2,066/mo
Gap financing: $1,178/mo
$809less per month with the assumable
Your Savings on This Property
12763 Clark Peak, Peyton · 3.05% VA vs 6.5% conventional
$809
per month
$9,708
per year
$291,231
over 30 years
$290,170
interest saved
How gap financing works: The equity gap ($186,911) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($153,161 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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