Loan Comparison: 4.99% vs 6.5%
11211 Palmer Peak, Peyton, CO 80831 · 5bd/3ba · $1,049,900
List Price
$1,049,900
Assumable Rate
4.99%
Remaining Balance
$903,737
Equity Gap
$144,790
Loan Type
VAAdjust Your Scenario
$52,495
$52,495$144,790
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,304/moAssumable @ 4.99% + gap loan
$5,556/moAssumed loan: $4,846/mo
Gap financing: $710/mo
$749less per month with the assumable
Your Savings on This Property
11211 Palmer Peak, Peyton · 4.99% VA vs 6.5% conventional
$749
per month
$8,984
per year
$269,523
over 30 years
$268,150
interest saved
How gap financing works: The equity gap ($144,790) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($52,495, 5% of purchase price) and a second mortgage for the rest ($92,295 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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