Loan Comparison: 2.9% vs 6.5%
12262 Crystal Downs, Peyton, CO 80831 · 4bd/3ba · $450,000
List Price
$450,000
Assumable Rate
2.9%
Remaining Balance
$432,729
Equity Gap
$65,982
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$65,982
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.9% + gap loan
$2,135/moAssumed loan: $1,801/mo
Gap financing: $334/mo
$567less per month with the assumable
Your Savings on This Property
12262 Crystal Downs, Peyton · 2.9% VA vs 6.5% conventional
$567
per month
$6,799
per year
$203,977
over 30 years
$252,688
interest saved
How gap financing works: The equity gap ($65,982) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($43,482 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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