Loan Comparison: 3.21% vs 6.5%
10152 Boulder Creek, Peyton, CO 80831 · 5bd/4ba · $740,000
List Price
$740,000
Assumable Rate
3.21%
Remaining Balance
$637,468
Equity Gap
$103,855
Loan Type
VAAdjust Your Scenario
$37,000
$37,000$103,855
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.21% (VA)
Blended Rate: 3.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,443/moAssumable @ 3.21% + gap loan
$3,274/moAssumed loan: $2,760/mo
Gap financing: $514/mo
$1,169less per month with the assumable
Your Savings on This Property
10152 Boulder Creek, Peyton · 3.21% VA vs 6.5% conventional
$1,169
per month
$14,029
per year
$420,860
over 30 years
$422,183
interest saved
How gap financing works: The equity gap ($103,855) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,000, 5% of purchase price) and a second mortgage for the rest ($66,855 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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