Loan Comparison: 2.89% vs 6.5%
10921 Redington, Peyton, CO 80831 · 3bd/2ba · $439,900
List Price
$439,900
Assumable Rate
2.89%
Remaining Balance
$185,386
Equity Gap
$254,513
Loan Type
VAAdjust Your Scenario
$21,995
$21,995$254,513
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 6.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,641/moAssumable @ 2.89% + gap loan
$2,559/moAssumed loan: $771/mo
Gap financing: $1,788/mo
$83less per month with the assumable
Your Savings on This Property
10921 Redington, Peyton · 2.89% VA vs 6.5% conventional
$83
per month
$995
per year
$29,859
over 30 years
$29,858
interest saved
How gap financing works: The equity gap ($254,513) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,995, 5% of purchase price) and a second mortgage for the rest ($232,518 at 8.5%). 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 10921 Redington.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.