Loan Comparison: 4.17% vs 6.5%
17240 Honeydew, Peyton, CO 80831 · 3bd/2ba · $410,000
List Price
$410,000
Assumable Rate
4.17%
Remaining Balance
$342,427
Equity Gap
$66,962
Loan Type
VAAdjust Your Scenario
$20,500
$20,500$66,962
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 4.17% + gap loan
$2,026/moAssumed loan: $1,669/mo
Gap financing: $357/mo
$436less per month with the assumable
Your Savings on This Property
17240 Honeydew, Peyton · 4.17% VA vs 6.5% conventional
$436
per month
$5,233
per year
$157,002
over 30 years
$156,391
interest saved
How gap financing works: The equity gap ($66,962) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($46,462 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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