Loan Comparison: 2.9% vs 6.5%
10902 Scenic Brush, Peyton, CO 80831 · 4bd/3ba · $529,900
List Price
$529,900
Assumable Rate
2.9%
Remaining Balance
$439,106
Equity Gap
$89,826
Loan Type
VAAdjust Your Scenario
$26,495
$26,495$89,826
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 2.9% + gap loan
$2,315/moAssumed loan: $1,828/mo
Gap financing: $487/mo
$867less per month with the assumable
Your Savings on This Property
10902 Scenic Brush, Peyton · 2.9% VA vs 6.5% conventional
$867
per month
$10,407
per year
$312,196
over 30 years
$311,228
interest saved
How gap financing works: The equity gap ($89,826) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($63,331 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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