Loan Comparison: 4.07% vs 6.5%
861 Circle, Palmer Lake, CO 80133 · 4bd/4ba · $595,000
List Price
$595,000
Assumable Rate
4.07%
Remaining Balance
$294,185
Equity Gap
$300,815
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$300,815
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.07% (VA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 4.07% + gap loan
$3,501/moAssumed loan: $1,416/mo
Gap financing: $2,084/mo
$72less per month with the assumable
Your Savings on This Property
861 Circle, Palmer Lake · 4.07% VA vs 6.5% conventional
$72
per month
$866
per year
$25,966
over 30 years
$25,966
interest saved
How gap financing works: The equity gap ($300,815) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($271,065 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 861 Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.