Loan Comparison: 3.05% vs 6.5%
11386 San Luis Peak, Peyton, CO 80831 · 4bd/3ba · $749,900
List Price
$749,900
Assumable Rate
3.05%
Remaining Balance
$250,550
Equity Gap
$523,990
Loan Type
VAAdjust Your Scenario
$37,495
$37,495$523,990
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (VA)
Blended Rate: 6.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.05% + gap loan
$4,804/moAssumed loan: $1,063/mo
Gap financing: $3,741/mo
Your Savings on This Property
11386 San Luis Peak, Peyton · 3.05% 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 ($523,990) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,495, 5% of purchase price) and a second mortgage for the rest ($486,495 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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