Loan Comparison: 4.59% vs 6.5%
7394 Owings, Peyton, CO 80831 · 3bd/2ba · $365,000
List Price
$365,000
Assumable Rate
4.59%
Remaining Balance
$198,405
Equity Gap
$166,595
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$166,595
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.59% (VA)
Blended Rate: 6.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 4.59% + gap loan
$2,157/moAssumed loan: $1,016/mo
Gap financing: $1,141/mo
$35less per month with the assumable
Your Savings on This Property
7394 Owings, Peyton · 4.59% VA vs 6.5% conventional
$35
per month
$421
per year
$12,645
over 30 years
$12,645
interest saved
How gap financing works: The equity gap ($166,595) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($148,345 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 7394 Owings.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.