Loan Comparison: 3.95% vs 6.5%
12555 Handles Peak, Peyton, CO 80831 · 5bd/3ba · $680,000
List Price
$680,000
Assumable Rate
3.95%
Remaining Balance
$332,546
Equity Gap
$347,454
Loan Type
VAAdjust Your Scenario
$34,000
$34,000$347,454
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (VA)
Blended Rate: 6.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,083/moAssumable @ 3.95% + gap loan
$3,988/moAssumed loan: $1,578/mo
Gap financing: $2,410/mo
$95less per month with the assumable
Your Savings on This Property
12555 Handles Peak, Peyton · 3.95% VA vs 6.5% conventional
$95
per month
$1,139
per year
$34,169
over 30 years
$34,169
interest saved
How gap financing works: The equity gap ($347,454) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,000, 5% of purchase price) and a second mortgage for the rest ($313,454 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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