Loan Comparison: 2.99% vs 6.5%
10274 Beckham, Peyton, CO 80831 · 4bd/3ba · $650,000
List Price
$650,000
Assumable Rate
2.99%
Remaining Balance
$535,759
Equity Gap
$113,041
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$113,041
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 3.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.99% + gap loan
$2,875/moAssumed loan: $2,256/mo
Gap financing: $619/mo
$1,028less per month with the assumable
Your Savings on This Property
10274 Beckham, Peyton · 2.99% VA vs 6.5% conventional
$1,028
per month
$12,334
per year
$370,021
over 30 years
$368,821
interest saved
How gap financing works: The equity gap ($113,041) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($80,541 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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