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
$439,573
Equity Gap
$34,601
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$34,601
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 3.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.76% + gap loan
$2,122/moAssumed loan: $2,038/mo
Gap financing: $83/mo
$731less per month with the assumable
Your Savings on This Property
10511 Summer Ridge, Peyton · 3.76% VA vs 6.5% conventional
$731
per month
$8,767
per year
$262,997
over 30 years
$262,171
interest saved
How gap financing works: The equity gap ($34,601) 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 ($10,851 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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