Loan Comparison: 3.55% vs 6.5%
6750 Chief, Peyton, CO 80831 · 5bd/3ba · $799,900
List Price
$799,900
Assumable Rate
3.55%
Remaining Balance
$179,899
Equity Gap
$621,333
Loan Type
VAAdjust Your Scenario
$39,995
$39,995$621,333
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (VA)
Blended Rate: 7.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 3.55% + gap loan
$5,283/moAssumed loan: $813/mo
Gap financing: $4,470/mo
Your Savings on This Property
6750 Chief, Peyton · 3.55% 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 ($621,333) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($581,338 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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