Loan Comparison: 2.87% vs 6.5%
13713 Park Meadows, Peyton, CO 80831 · 4bd/3ba · $540,000
List Price
$540,000
Assumable Rate
2.87%
Remaining Balance
$391,781
Equity Gap
$147,335
Loan Type
VAAdjust Your Scenario
$27,000
$27,000$147,335
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 4.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 2.87% + gap loan
$2,550/moAssumed loan: $1,624/mo
Gap financing: $925/mo
$693less per month with the assumable
Your Savings on This Property
13713 Park Meadows, Peyton · 2.87% VA vs 6.5% conventional
$693
per month
$8,314
per year
$249,413
over 30 years
$248,529
interest saved
How gap financing works: The equity gap ($147,335) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($120,335 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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