Loan Comparison: 2.74% vs 6.5%
12663 Handles Peak, Peyton, CO 80831 · 5bd/4ba · $579,900
List Price
$579,900
Assumable Rate
2.74%
Remaining Balance
$425,249
Equity Gap
$154,651
Loan Type
VAAdjust Your Scenario
$28,995
$28,995$154,651
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 4.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,482/moAssumable @ 2.74% + gap loan
$2,700/moAssumed loan: $1,734/mo
Gap financing: $966/mo
$782less per month with the assumable
Your Savings on This Property
12663 Handles Peak, Peyton · 2.74% VA vs 6.5% conventional
$782
per month
$9,385
per year
$281,563
over 30 years
$281,563
interest saved
How gap financing works: The equity gap ($154,651) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,995, 5% of purchase price) and a second mortgage for the rest ($125,656 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 12663 Handles Peak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.