Loan Comparison: 3.55% vs 6.5%
6750 Chief, Peyton, CO 80831 · 5bd/3ba · $699,999
List Price
$699,999
Assumable Rate
3.55%
Remaining Balance
$177,226
Equity Gap
$522,772
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$522,772
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (VA)
Blended Rate: 7.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 3.55% + gap loan
$4,551/moAssumed loan: $801/mo
Gap financing: $3,751/mo
Your Savings on This Property
6750 Chief, Peyton · 3.55% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($522,772) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($487,772 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 6750 Chief.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.