Loan Comparison: 6.66% vs 6.5%
15871 Agate Creek Drive, Monument, CO 80132 · 4bd/4ba · $875,000
List Price
$875,000
Assumable Rate
6.66%
Remaining Balance
$759,155
Equity Gap
$115,844
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$115,844
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.66% (VA)
Blended Rate: 6.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 6.66% + gap loan
$5,383/moAssumed loan: $4,879/mo
Gap financing: $504/mo
Your Savings on This Property
15871 Agate Creek Drive, Monument · 6.66% 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 ($115,844) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($72,094 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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