Loan Comparison: 3.75% vs 6.5%
12692 Clark Peak, Peyton, CO 80831 · 5bd/5ba · $860,000
List Price
$860,000
Assumable Rate
3.75%
Remaining Balance
$690,624
Equity Gap
$166,793
Loan Type
VAAdjust Your Scenario
$43,000
$43,000$166,793
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,164/moAssumable @ 3.75% + gap loan
$4,150/moAssumed loan: $3,198/mo
Gap financing: $952/mo
$1,014less per month with the assumable
Your Savings on This Property
12692 Clark Peak, Peyton · 3.75% VA vs 6.5% conventional
$1,014
per month
$12,165
per year
$364,949
over 30 years
$362,366
interest saved
How gap financing works: The equity gap ($166,793) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,000, 5% of purchase price) and a second mortgage for the rest ($123,793 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 12692 Clark Peak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.