Loan Comparison: 3.76% vs 6.5%
10511 Summer Ridge, Peyton, CO 80831 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
3.76%
Remaining Balance
$438,744
Equity Gap
$36,255
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$36,255
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 3.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.76% + gap loan
$2,131/moAssumed loan: $2,034/mo
Gap financing: $96/mo
$722less per month with the assumable
Your Savings on This Property
10511 Summer Ridge, Peyton · 3.76% VA vs 6.5% conventional
$722
per month
$8,660
per year
$259,802
over 30 years
$259,801
interest saved
How gap financing works: The equity gap ($36,255) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($12,505 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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