Loan Comparison: 5.23% vs 6.5%

10859 Hidden Ridge, Peyton, CO 80831 ยท 4bd/3ba ยท $470,000

List Price
$470,000
Assumable Rate
5.23%
Remaining Balance
$474,874
Equity Gap
$-4,874
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-4,874) is less than 5% of the purchase price ($23,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-4,874
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,822/mo
Assumable @ 5.23%
$2,616/mo
$206less per month with the assumable

Your Savings on This Property

10859 Hidden Ridge, Peyton ยท 5.23% VA vs 6.5% conventional

$206
per month
$2,469
per year
$74,085
over 30 years
$102,459
interest saved
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