Loan Comparison: 3.07% vs 6.5%
14125 Citation, Peyton, CO 80831 · 4bd/3ba · $1,100,000
List Price
$1,100,000
Assumable Rate
3.07%
Remaining Balance
$349,288
Equity Gap
$750,712
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$750,712
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 3.07% + gap loan
$6,835/moAssumed loan: $1,486/mo
Gap financing: $5,349/mo
Your Savings on This Property
14125 Citation, Peyton · 3.07% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($750,712) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($695,712 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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