Loan Comparison: 3.08% vs 6.5%
9849 Rockingham, Peyton, CO 80831 · 4bd/4ba · $740,000
List Price
$740,000
Assumable Rate
3.08%
Remaining Balance
$358,574
Equity Gap
$381,425
Loan Type
VAAdjust Your Scenario
$37,000
$37,000$381,425
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 5.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,443/moAssumable @ 3.08% + gap loan
$4,176/moAssumed loan: $1,527/mo
Gap financing: $2,648/mo
$268less per month with the assumable
Your Savings on This Property
9849 Rockingham, Peyton · 3.08% VA vs 6.5% conventional
$268
per month
$3,214
per year
$96,419
over 30 years
$96,418
interest saved
How gap financing works: The equity gap ($381,425) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,000, 5% of purchase price) and a second mortgage for the rest ($344,425 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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