Loan Comparison: 2.8% vs 6.5%
11689 Allendale Drive, Peyton, CO 80831 · 3bd/2ba · $615,000
List Price
$615,000
Assumable Rate
2.8%
Remaining Balance
$342,457
Equity Gap
$272,543
Loan Type
VAAdjust Your Scenario
$30,750
$30,750$272,543
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (VA)
Blended Rate: 4.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 2.8% + gap loan
$3,098/moAssumed loan: $1,407/mo
Gap financing: $1,691/mo
$595less per month with the assumable
Your Savings on This Property
11689 Allendale Drive, Peyton · 2.8% VA vs 6.5% conventional
$595
per month
$7,141
per year
$214,225
over 30 years
$214,225
interest saved
How gap financing works: The equity gap ($272,543) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($241,793 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 11689 Allendale Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.