Loan Comparison: 4.99% vs 6.5%
4840 Limestone Road, Monument, CO 80132 · 4bd/3ba · $1,199,000
List Price
$1,199,000
Assumable Rate
4.99%
Remaining Balance
$1,103,623
Equity Gap
$95,377
Loan Type
VAAdjust Your Scenario
$59,950
$59,950$95,377
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,200/moAssumable @ 4.99% + gap loan
$6,165/moAssumed loan: $5,918/mo
Gap financing: $248/mo
$1,034less per month with the assumable
Your Savings on This Property
4840 Limestone Road, Monument · 4.99% VA vs 6.5% conventional
$1,034
per month
$12,409
per year
$372,282
over 30 years
$372,282
interest saved
How gap financing works: The equity gap ($95,377) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($59,950, 5% of purchase price) and a second mortgage for the rest ($35,427 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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