Loan Comparison: 2.68% vs 6.5%
145 Grizzley Peak Road, Florissant, CO 80816 · 4bd/4ba · $450,000
List Price
$450,000
Assumable Rate
2.68%
Remaining Balance
$222,391
Equity Gap
$227,609
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$227,609
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.68% + gap loan
$2,334/moAssumed loan: $900/mo
Gap financing: $1,434/mo
$368less per month with the assumable
Your Savings on This Property
145 Grizzley Peak Road, Florissant · 2.68% VA vs 6.5% conventional
$368
per month
$4,419
per year
$132,578
over 30 years
$132,578
interest saved
How gap financing works: The equity gap ($227,609) 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 ($205,109 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 145 Grizzley Peak Road.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.