Loan Comparison: 6.85% vs 6.5%
12646 Windingwalk Drive, Peyton, CO 80831 · 3bd/4ba · $779,000
List Price
$779,000
Assumable Rate
6.85%
Remaining Balance
$695,176
Equity Gap
$83,823
Loan Type
VAAdjust Your Scenario
$38,950
$38,950$83,823
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.85% (VA)
Blended Rate: 6.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,678/moAssumable @ 6.85% + gap loan
$4,869/moAssumed loan: $4,555/mo
Gap financing: $314/mo
Your Savings on This Property
12646 Windingwalk Drive, Peyton · 6.85% 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 ($83,823) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,950, 5% of purchase price) and a second mortgage for the rest ($44,873 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.
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