Loan Comparison: 3.23% vs 6.5%
9362 St George, Peyton, CO 80831 · 6bd/3ba · $599,900
List Price
$599,900
Assumable Rate
3.23%
Remaining Balance
$321,602
Equity Gap
$276,109
Loan Type
VAAdjust Your Scenario
$29,995
$29,995$276,109
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,602/moAssumable @ 3.23% + gap loan
$3,289/moAssumed loan: $1,396/mo
Gap financing: $1,892/mo
$314less per month with the assumable
Your Savings on This Property
9362 St George, Peyton · 3.23% VA vs 6.5% conventional
$314
per month
$3,764
per year
$112,924
over 30 years
$110,735
interest saved
How gap financing works: The equity gap ($276,109) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,995, 5% of purchase price) and a second mortgage for the rest ($246,114 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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