Loan Comparison: 3.45% vs 6.5%
809 Tailings Drive, Monument, CO 80132 · 4bd/4ba · $579,000
List Price
$579,000
Assumable Rate
3.45%
Remaining Balance
$216,549
Equity Gap
$362,450
Loan Type
VAAdjust Your Scenario
$28,950
$28,950$362,450
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,477/moAssumable @ 3.45% + gap loan
$3,298/moAssumed loan: $966/mo
Gap financing: $2,332/mo
$178less per month with the assumable
Your Savings on This Property
809 Tailings Drive, Monument · 3.45% VA vs 6.5% conventional
$178
per month
$2,141
per year
$64,239
over 30 years
$64,238
interest saved
How gap financing works: The equity gap ($362,450) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,950, 5% of purchase price) and a second mortgage for the rest ($333,500 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 809 Tailings Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.