Loan Comparison: 3.07% vs 6.5%
12266 Crystal Downs, Peyton, CO 80831 · 5bd/3ba · $624,000
List Price
$624,000
Assumable Rate
3.07%
Remaining Balance
$493,222
Equity Gap
$130,778
Loan Type
VAAdjust Your Scenario
$31,200
$31,200$130,778
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,747/moAssumable @ 3.07% + gap loan
$2,864/moAssumed loan: $2,098/mo
Gap financing: $766/mo
$883less per month with the assumable
Your Savings on This Property
12266 Crystal Downs, Peyton · 3.07% VA vs 6.5% conventional
$883
per month
$10,597
per year
$317,923
over 30 years
$317,923
interest saved
How gap financing works: The equity gap ($130,778) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,200, 5% of purchase price) and a second mortgage for the rest ($99,578 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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