Loan Comparison: 2.66% vs 6.5%
10932 Huron Peak, Peyton, CO 80831 · 5bd/3ba · $589,500
List Price
$589,500
Assumable Rate
2.66%
Remaining Balance
$181,260
Equity Gap
$546,364
Loan Type
VAAdjust Your Scenario
$29,475
$29,475$546,364
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (VA)
Blended Rate: 6.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,540/moAssumable @ 2.66% + gap loan
$4,706/moAssumed loan: $731/mo
Gap financing: $3,974/mo
Your Savings on This Property
10932 Huron Peak, Peyton · 2.66% 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 ($546,364) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,475, 5% of purchase price) and a second mortgage for the rest ($516,889 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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