Loan Comparison: 2.68% vs 6.5%
10031 Keating, Peyton, CO 80831 · 4bd/4ba · $815,000
List Price
$815,000
Assumable Rate
2.68%
Remaining Balance
$439,751
Equity Gap
$375,249
Loan Type
VAAdjust Your Scenario
$40,750
$40,750$375,249
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,894/moAssumable @ 2.68% + gap loan
$4,351/moAssumed loan: $1,779/mo
Gap financing: $2,572/mo
$543less per month with the assumable
Your Savings on This Property
10031 Keating, Peyton · 2.68% VA vs 6.5% conventional
$543
per month
$6,514
per year
$195,407
over 30 years
$195,407
interest saved
How gap financing works: The equity gap ($375,249) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,750, 5% of purchase price) and a second mortgage for the rest ($334,499 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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