Loan Comparison: 2.9% vs 6.5%
16555 Hallmark Trail, Monument, CO 80132 · 3bd/4ba · $630,000
List Price
$630,000
Assumable Rate
2.9%
Remaining Balance
$393,160
Equity Gap
$236,840
Loan Type
VAAdjust Your Scenario
$31,500
$31,500$236,840
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 4.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,783/moAssumable @ 2.9% + gap loan
$3,072/moAssumed loan: $1,636/mo
Gap financing: $1,436/mo
$711less per month with the assumable
Your Savings on This Property
16555 Hallmark Trail, Monument · 2.9% VA vs 6.5% conventional
$711
per month
$8,529
per year
$255,856
over 30 years
$255,856
interest saved
How gap financing works: The equity gap ($236,840) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,500, 5% of purchase price) and a second mortgage for the rest ($205,340 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.
🏠
Back to This Listing
View photos, details, and request a showing for 16555 Hallmark Trail.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.