Loan Comparison: 6.78% vs 6.5%

10755 Arrowgrass Loop, Peyton, CO 80831 ยท 2bd/1ba ยท $639,000

List Price
$639,000
Assumable Rate
6.78%
Remaining Balance
$586,863
Equity Gap
$52,136
Loan Type
VA

Adjust Your Scenario

$31,950
$31,950$52,136
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (VA)
Blended Rate: 6.80%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,837/mo
Assumable @ 6.78% + gap loan
$3,959/mo
Assumed loan: $3,818/mo
Gap financing: $141/mo

Your Savings on This Property

10755 Arrowgrass Loop, Peyton ยท 6.78% 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 ($52,136) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,950, 5% of purchase price) and a second mortgage for the rest ($20,186 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.
๐Ÿ 

Back to This Listing

View photos, details, and request a showing for 10755 Arrowgrass Loop.

View Listing Details
๐Ÿ“ˆ

Interested in This Home?

Get full loan details and schedule a showing. Free, no obligation.

Free. No spam. We personally respond within 24 hours.

By submitting, you consent to be contacted by The Assumable Guy via phone, text, and email regarding assumable mortgage properties. Message & data rates may apply. Reply STOP to opt out.