Loan Comparison: 2.66% vs 6.5%
10932 Huron Peak, Peyton, CO 80831 · 5bd/3ba · $600,000
List Price
$600,000
Assumable Rate
2.66%
Remaining Balance
$184,059
Equity Gap
$549,894
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$549,894
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (VA)
Blended Rate: 6.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 2.66% + gap loan
$4,740/moAssumed loan: $743/mo
Gap financing: $3,998/mo
Your Savings on This Property
10932 Huron Peak, Peyton · 2.66% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($549,894) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($519,894 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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