Loan Comparison: 3.45% vs 6.5%
17850 Blacksmith, Peyton, CO 80831 · 5bd/4ba · $735,000
List Price
$735,000
Assumable Rate
3.45%
Remaining Balance
$436,866
Equity Gap
$298,133
Loan Type
VAAdjust Your Scenario
$36,750
$36,750$298,133
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 3.45% + gap loan
$3,959/moAssumed loan: $1,950/mo
Gap financing: $2,010/mo
$454less per month with the assumable
Your Savings on This Property
17850 Blacksmith, Peyton · 3.45% VA vs 6.5% conventional
$454
per month
$5,449
per year
$163,460
over 30 years
$163,459
interest saved
How gap financing works: The equity gap ($298,133) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,750, 5% of purchase price) and a second mortgage for the rest ($261,383 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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