Loan Comparison: 5.23% vs 6.5%
9983 Henman, Peyton, CO 80831 · 5bd/3ba · $699,900
List Price
$699,900
Assumable Rate
5.23%
Remaining Balance
$608,241
Equity Gap
$90,749
Loan Type
VAAdjust Your Scenario
$34,995
$34,995$90,749
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 5.23% + gap loan
$3,780/moAssumed loan: $3,351/mo
Gap financing: $429/mo
$423less per month with the assumable
Your Savings on This Property
9983 Henman, Peyton · 5.23% VA vs 6.5% conventional
$423
per month
$5,073
per year
$152,191
over 30 years
$151,281
interest saved
How gap financing works: The equity gap ($90,749) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,995, 5% of purchase price) and a second mortgage for the rest ($55,754 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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