Loan Comparison: 6.13% vs 6.5%
735 Woodmoor Acres Drive, Monument, CO 80132 · 5bd/4ba · $843,700
List Price
$843,700
Assumable Rate
6.13%
Remaining Balance
$778,312
Equity Gap
$65,387
Loan Type
VAAdjust Your Scenario
$42,185
$42,185$65,387
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.13% (VA)
Blended Rate: 6.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,066/moAssumable @ 6.13% + gap loan
$4,894/moAssumed loan: $4,732/mo
Gap financing: $162/mo
$172less per month with the assumable
Your Savings on This Property
735 Woodmoor Acres Drive, Monument · 6.13% VA vs 6.5% conventional
$172
per month
$2,067
per year
$62,016
over 30 years
$62,015
interest saved
How gap financing works: The equity gap ($65,387) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,185, 5% of purchase price) and a second mortgage for the rest ($23,202 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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