Loan Comparison: 2.28% vs 6.5%
10138 Golf Crest, Peyton, CO 80831 · 4bd/3ba · $518,000
List Price
$518,000
Assumable Rate
2.28%
Remaining Balance
$240,532
Equity Gap
$277,468
Loan Type
VAAdjust Your Scenario
$25,900
$25,900$277,468
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.28% (VA)
Blended Rate: 5.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,110/moAssumable @ 2.28% + gap loan
$2,857/moAssumed loan: $923/mo
Gap financing: $1,934/mo
$253less per month with the assumable
Your Savings on This Property
10138 Golf Crest, Peyton · 2.28% VA vs 6.5% conventional
$253
per month
$3,035
per year
$91,065
over 30 years
$91,065
interest saved
How gap financing works: The equity gap ($277,468) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,900, 5% of purchase price) and a second mortgage for the rest ($251,568 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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