Loan Comparison: 5.1% vs 6.5%
9983 Henman Terrace, Peyton, CO 80831 · 5bd/4ba · $689,900
List Price
$689,900
Assumable Rate
5.1%
Remaining Balance
$605,527
Equity Gap
$84,373
Loan Type
VAAdjust Your Scenario
$34,495
$34,495$84,373
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.1% (VA)
Blended Rate: 5.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 5.1% + gap loan
$3,636/moAssumed loan: $3,288/mo
Gap financing: $349/mo
$506less per month with the assumable
Your Savings on This Property
9983 Henman Terrace, Peyton · 5.1% VA vs 6.5% conventional
$506
per month
$6,074
per year
$182,212
over 30 years
$182,212
interest saved
How gap financing works: The equity gap ($84,373) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,495, 5% of purchase price) and a second mortgage for the rest ($49,878 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 9983 Henman Terrace.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.