Loan Comparison: 3.45% vs 6.5%
10296 Hidden Park, Peyton, CO 80831 · 4bd/3ba · $520,000
List Price
$520,000
Assumable Rate
3.45%
Remaining Balance
$488,062
Equity Gap
$31,937
Loan Type
VAAdjust Your Scenario
$26,000
$26,000$31,937
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 3.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.45% + gap loan
$2,224/moAssumed loan: $2,178/mo
Gap financing: $46/mo
$899less per month with the assumable
Your Savings on This Property
10296 Hidden Park, Peyton · 3.45% VA vs 6.5% conventional
$899
per month
$10,785
per year
$323,549
over 30 years
$323,548
interest saved
How gap financing works: The equity gap ($31,937) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($5,937 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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