Loan Comparison: 2.74% vs 6.5%
12702 Longview Park, Peyton, CO 80831 · 4bd/4ba · $689,900
List Price
$689,900
Assumable Rate
2.74%
Remaining Balance
$418,920
Equity Gap
$270,980
Loan Type
VAAdjust Your Scenario
$34,495
$34,495$270,980
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 4.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 2.74% + gap loan
$3,526/moAssumed loan: $1,708/mo
Gap financing: $1,818/mo
$616less per month with the assumable
Your Savings on This Property
12702 Longview Park, Peyton · 2.74% VA vs 6.5% conventional
$616
per month
$7,395
per year
$221,852
over 30 years
$221,852
interest saved
How gap financing works: The equity gap ($270,980) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,495, 5% of purchase price) and a second mortgage for the rest ($236,485 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.
🏠
Back to This Listing
View photos, details, and request a showing for 12702 Longview Park.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.