Loan Comparison: 3.99% vs 6.5%
861 Circle Road, Palmer Lake, CO 80133 · 5bd/4ba · $570,000
List Price
$570,000
Assumable Rate
3.99%
Remaining Balance
$291,773
Equity Gap
$278,227
Loan Type
VAAdjust Your Scenario
$28,500
$28,500$278,227
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.99% (VA)
Blended Rate: 5.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,423/moAssumable @ 3.99% + gap loan
$3,137/moAssumed loan: $1,391/mo
Gap financing: $1,746/mo
$285less per month with the assumable
Your Savings on This Property
861 Circle Road, Palmer Lake · 3.99% VA vs 6.5% conventional
$285
per month
$3,423
per year
$102,684
over 30 years
$102,684
interest saved
How gap financing works: The equity gap ($278,227) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,500, 5% of purchase price) and a second mortgage for the rest ($249,727 at 7.5%). 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.
🏠
Back to This Listing
View photos, details, and request a showing for 861 Circle Road.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.