Loan Comparison: 3.45% vs 6.5%
17850 Blacksmith, Peyton, CO 80831 · 5bd/4ba · $749,900
List Price
$749,900
Assumable Rate
3.45%
Remaining Balance
$575,382
Equity Gap
$312,054
Loan Type
VAAdjust Your Scenario
$37,495
$37,495$312,054
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.45% + gap loan
$4,679/moAssumed loan: $2,568/mo
Gap financing: $2,111/mo
Your Savings on This Property
17850 Blacksmith, Peyton · 3.45% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$74,202
interest saved
How gap financing works: The equity gap ($312,054) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,495, 5% of purchase price) and a second mortgage for the rest ($274,559 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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