Loan Comparison: 5.23% vs 6.5%
13154 Crooked Hill, Peyton, CO 80831 · 5bd/3ba · $595,000
List Price
$595,000
Assumable Rate
5.23%
Remaining Balance
$546,881
Equity Gap
$48,119
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$48,119
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 5.23% + gap loan
$3,154/moAssumed loan: $3,013/mo
Gap financing: $141/mo
$418less per month with the assumable
Your Savings on This Property
13154 Crooked Hill, Peyton · 5.23% VA vs 6.5% conventional
$418
per month
$5,021
per year
$150,623
over 30 years
$150,623
interest saved
How gap financing works: The equity gap ($48,119) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($18,369 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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