Loan Comparison: 3.23% vs 6.5%
9362 St George, Peyton, CO 80831 · 6bd/3ba · $625,000
List Price
$625,000
Assumable Rate
3.23%
Remaining Balance
$463,734
Equity Gap
$301,209
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$301,209
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 3.23% + gap loan
$4,089/moAssumed loan: $2,013/mo
Gap financing: $2,076/mo
Your Savings on This Property
9362 St George, Peyton · 3.23% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$18,997
interest saved
How gap financing works: The equity gap ($301,209) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($269,959 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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