Loan Comparison: 6.49% vs 6.5%
16300 Monument Rock Court, Monument, CO 80132 · 4bd/3ba · $767,999
List Price
$767,999
Assumable Rate
6.49%
Remaining Balance
$583,345
Equity Gap
$184,653
Loan Type
VAAdjust Your Scenario
$38,400
$38,400$184,653
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.49% (VA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,612/moAssumable @ 6.49% + gap loan
$4,706/moAssumed loan: $3,683/mo
Gap financing: $1,023/mo
Your Savings on This Property
16300 Monument Rock Court, Monument · 6.49% 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 ($184,653) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,400, 5% of purchase price) and a second mortgage for the rest ($146,253 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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