Loan Comparison: 3% vs 6.5%
13105 River Falls, Peyton, CO 80831 · 5bd/4ba · $525,000
List Price
$525,000
Assumable Rate
3%
Remaining Balance
$164,673
Equity Gap
$361,732
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$361,732
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3% (VA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3% + gap loan
$3,274/moAssumed loan: $694/mo
Gap financing: $2,580/mo
Your Savings on This Property
13105 River Falls, Peyton · 3% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($361,732) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($335,482 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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