Loan Comparison: 3.95% vs 6.5%
7580 Greenough, Peyton, CO 80831 · 6bd/4ba · $475,000
List Price
$475,000
Assumable Rate
3.95%
Remaining Balance
$136,388
Equity Gap
$339,613
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$339,613
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (VA)
Blended Rate: 7.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.95% + gap loan
$3,076/moAssumed loan: $647/mo
Gap financing: $2,429/mo
Your Savings on This Property
7580 Greenough, Peyton · 3.95% 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 ($339,613) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($315,863 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 7580 Greenough.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.