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
$-4,874
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-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/moAssumable @ 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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