Loan Comparison: 6.26% vs 6.5%
380 Scrub Oak Circle, Monument, CO 80132 · 4bd/3ba · $775,000
List Price
$775,000
Assumable Rate
6.26%
Remaining Balance
$664,168
Equity Gap
$110,831
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$110,831
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.26% (VA)
Blended Rate: 6.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 6.26% + gap loan
$4,598/moAssumed loan: $4,094/mo
Gap financing: $504/mo
$56less per month with the assumable
Your Savings on This Property
380 Scrub Oak Circle, Monument · 6.26% VA vs 6.5% conventional
$56
per month
$671
per year
$20,118
over 30 years
$20,117
interest saved
How gap financing works: The equity gap ($110,831) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($72,081 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 380 Scrub Oak Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.