Loan Comparison: 4.99% vs 6.5%
11211 Palmer Peak, Peyton, CO 80831 · 5bd/3ba · $1,019,900
List Price
$1,019,900
Assumable Rate
4.99%
Remaining Balance
$902,358
Equity Gap
$114,790
Loan Type
VAAdjust Your Scenario
$50,995
$50,995$114,790
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,124/moAssumable @ 4.99% + gap loan
$5,329/moAssumed loan: $4,839/mo
Gap financing: $491/mo
$795less per month with the assumable
Your Savings on This Property
11211 Palmer Peak, Peyton · 4.99% VA vs 6.5% conventional
$795
per month
$9,541
per year
$286,225
over 30 years
$283,473
interest saved
How gap financing works: The equity gap ($114,790) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,995, 5% of purchase price) and a second mortgage for the rest ($63,795 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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