Loan Comparison: 5.41% vs 6.5%
12356 Tex Tan, Peyton, CO 80831 · 4bd/4ba · $559,500
List Price
$559,500
Assumable Rate
5.41%
Remaining Balance
$504,706
Equity Gap
$54,074
Loan Type
VAAdjust Your Scenario
$27,975
$27,975$54,074
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,360/moAssumable @ 5.41% + gap loan
$3,038/moAssumed loan: $2,837/mo
Gap financing: $201/mo
$322less per month with the assumable
Your Savings on This Property
12356 Tex Tan, Peyton · 5.41% VA vs 6.5% conventional
$322
per month
$3,860
per year
$115,808
over 30 years
$115,088
interest saved
How gap financing works: The equity gap ($54,074) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,975, 5% of purchase price) and a second mortgage for the rest ($26,099 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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