Loan Comparison: 2.98% vs 6.5%
9179 Kingston Heath, Peyton, CO 80831 · 5bd/4ba · $625,000
List Price
$625,000
Assumable Rate
2.98%
Remaining Balance
$445,901
Equity Gap
$178,109
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$178,109
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 2.98% + gap loan
$3,004/moAssumed loan: $1,875/mo
Gap financing: $1,129/mo
$749less per month with the assumable
Your Savings on This Property
9179 Kingston Heath, Peyton · 2.98% VA vs 6.5% conventional
$749
per month
$8,983
per year
$269,480
over 30 years
$268,490
interest saved
How gap financing works: The equity gap ($178,109) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($146,859 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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