Loan Comparison: 3.02% vs 6.5%
11232 Allendale, Peyton, CO 80831 · 5bd/3ba · $579,000
List Price
$579,000
Assumable Rate
3.02%
Remaining Balance
$352,421
Equity Gap
$226,578
Loan Type
VAAdjust Your Scenario
$28,950
$28,950$226,578
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,477/moAssumable @ 3.02% + gap loan
$3,009/moAssumed loan: $1,490/mo
Gap financing: $1,520/mo
$467less per month with the assumable
Your Savings on This Property
11232 Allendale, Peyton · 3.02% VA vs 6.5% conventional
$467
per month
$5,610
per year
$168,292
over 30 years
$168,291
interest saved
How gap financing works: The equity gap ($226,578) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,950, 5% of purchase price) and a second mortgage for the rest ($197,628 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.
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