Loan Comparison: 5.41% vs 6.5%
11515 Texarkanna, Peyton, CO 80831 · 5bd/4ba · $684,900
List Price
$684,900
Assumable Rate
5.41%
Remaining Balance
$564,448
Equity Gap
$118,863
Loan Type
VAAdjust Your Scenario
$34,245
$34,245$118,863
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 5.41% + gap loan
$3,824/moAssumed loan: $3,173/mo
Gap financing: $651/mo
$289less per month with the assumable
Your Savings on This Property
11515 Texarkanna, Peyton · 5.41% VA vs 6.5% conventional
$289
per month
$3,466
per year
$103,993
over 30 years
$102,404
interest saved
How gap financing works: The equity gap ($118,863) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,245, 5% of purchase price) and a second mortgage for the rest ($84,618 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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