Loan Comparison: 4.99% vs 6.5%
11211 Palmer Peak, Peyton, CO 80831 · 5bd/3ba · $1,075,000
List Price
$1,075,000
Assumable Rate
4.99%
Remaining Balance
$905,109
Equity Gap
$169,890
Loan Type
VAAdjust Your Scenario
$53,750
$53,750$169,890
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,455/moAssumable @ 4.99% + gap loan
$5,746/moAssumed loan: $4,853/mo
Gap financing: $893/mo
$709less per month with the assumable
Your Savings on This Property
11211 Palmer Peak, Peyton · 4.99% VA vs 6.5% conventional
$709
per month
$8,504
per year
$255,128
over 30 years
$255,127
interest saved
How gap financing works: The equity gap ($169,890) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($53,750, 5% of purchase price) and a second mortgage for the rest ($116,140 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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