Loan Comparison: 2.96% vs 6.5%
12231 Sleeping Bear, Peyton, CO 80831 · 4bd/3ba · $549,999
List Price
$549,999
Assumable Rate
2.96%
Remaining Balance
$436,463
Equity Gap
$112,572
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$112,572
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 3.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 2.96% + gap loan
$2,485/moAssumed loan: $1,831/mo
Gap financing: $654/mo
$818less per month with the assumable
Your Savings on This Property
12231 Sleeping Bear, Peyton · 2.96% VA vs 6.5% conventional
$818
per month
$9,812
per year
$294,363
over 30 years
$293,399
interest saved
How gap financing works: The equity gap ($112,572) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($85,072 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.
🏠
Back to This Listing
View photos, details, and request a showing for 12231 Sleeping Bear.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.