Loan Comparison: 5.78% vs 6.5%
19690 Top O The Moor Drive, Monument, CO 80132 · 4bd/4ba · $899,900
List Price
$899,900
Assumable Rate
5.78%
Remaining Balance
$729,346
Equity Gap
$170,553
Loan Type
VAAdjust Your Scenario
$44,995
$44,995$170,553
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.78% (VA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 5.78% + gap loan
$5,148/moAssumed loan: $4,270/mo
Gap financing: $878/mo
$255less per month with the assumable
Your Savings on This Property
19690 Top O The Moor Drive, Monument · 5.78% VA vs 6.5% conventional
$255
per month
$3,066
per year
$91,975
over 30 years
$91,974
interest saved
How gap financing works: The equity gap ($170,553) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,995, 5% of purchase price) and a second mortgage for the rest ($125,558 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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