Loan Comparison: 3.07% vs 6.5%
12749 Granite Ridge, Peyton, CO 80831 · 5bd/3ba · $575,000
List Price
$575,000
Assumable Rate
3.07%
Remaining Balance
$490,786
Equity Gap
$84,213
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$84,213
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.07% + gap loan
$2,514/moAssumed loan: $2,088/mo
Gap financing: $426/mo
$938less per month with the assumable
Your Savings on This Property
12749 Granite Ridge, Peyton · 3.07% VA vs 6.5% conventional
$938
per month
$11,262
per year
$337,846
over 30 years
$337,845
interest saved
How gap financing works: The equity gap ($84,213) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($55,463 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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