Loan Comparison: 4.98% vs 6.5%
13796 Park Meadows, Peyton, CO 80831 · 5bd/3ba · $645,000
List Price
$645,000
Assumable Rate
4.98%
Remaining Balance
$512,513
Equity Gap
$131,693
Loan Type
VAAdjust Your Scenario
$32,250
$32,250$131,693
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,873/moAssumable @ 4.98% + gap loan
$3,510/moAssumed loan: $2,745/mo
Gap financing: $765/mo
$363less per month with the assumable
Your Savings on This Property
13796 Park Meadows, Peyton · 4.98% VA vs 6.5% conventional
$363
per month
$4,360
per year
$130,805
over 30 years
$130,011
interest saved
How gap financing works: The equity gap ($131,693) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,250, 5% of purchase price) and a second mortgage for the rest ($99,443 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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