Loan Comparison: 3.07% vs 6.5%
11036 Bossett, Peyton, CO 80831 · 3bd/3ba · $439,000
List Price
$439,000
Assumable Rate
3.07%
Remaining Balance
$348,191
Equity Gap
$90,809
Loan Type
VAAdjust Your Scenario
$21,950
$21,950$90,809
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 3.07% + gap loan
$2,011/moAssumed loan: $1,481/mo
Gap financing: $529/mo
$625less per month with the assumable
Your Savings on This Property
11036 Bossett, Peyton · 3.07% VA vs 6.5% conventional
$625
per month
$7,505
per year
$225,147
over 30 years
$225,147
interest saved
How gap financing works: The equity gap ($90,809) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($68,859 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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