Loan Comparison: 3.27% vs 6.5%
12439 Ellingwood Peak, Peyton, CO 80831 · 5bd/4ba · $699,900
List Price
$699,900
Assumable Rate
3.27%
Remaining Balance
$482,088
Equity Gap
$243,355
Loan Type
VAAdjust Your Scenario
$34,995
$34,995$243,355
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (VA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 3.27% + gap loan
$3,705/moAssumed loan: $2,103/mo
Gap financing: $1,602/mo
$497less per month with the assumable
Your Savings on This Property
12439 Ellingwood Peak, Peyton · 3.27% VA vs 6.5% conventional
$497
per month
$5,966
per year
$178,982
over 30 years
$204,525
interest saved
How gap financing works: The equity gap ($243,355) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,995, 5% of purchase price) and a second mortgage for the rest ($208,360 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 12439 Ellingwood Peak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.