Loan Comparison: 6.5% vs 6.5%
18450 Dunes Lake Lane, Monument, CO 80132 · 4bd/3ba · $600,000
List Price
$600,000
Assumable Rate
6.5%
Remaining Balance
$466,334
Equity Gap
$133,666
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$133,666
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 6.5% + gap loan
$3,672/moAssumed loan: $2,948/mo
Gap financing: $725/mo
Your Savings on This Property
18450 Dunes Lake Lane, Monument · 6.5% 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 ($133,666) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($103,666 at 7.5%). 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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