Loan Comparison: 6.35% vs 6.5%
16021 Fox Mesa Court, Monument, CO 80132 · 5bd/4ba · $1,335,000
List Price
$1,335,000
Assumable Rate
6.35%
Remaining Balance
$1,064,393
Equity Gap
$270,606
Loan Type
VAAdjust Your Scenario
$66,750
$66,750$270,606
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.35% (VA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,016/moAssumable @ 6.35% + gap loan
$8,048/moAssumed loan: $6,623/mo
Gap financing: $1,425/mo
Your Savings on This Property
16021 Fox Mesa Court, Monument · 6.35% 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 ($270,606) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($66,750, 5% of purchase price) and a second mortgage for the rest ($203,856 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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