Loan Comparison: 5.7% vs 6.5%
735 Woodmoor Acres Drive, Monument, CO 80132 · 5bd/4ba · $843,700
List Price
$843,700
Assumable Rate
5.7%
Remaining Balance
$775,597
Equity Gap
$68,103
Loan Type
VAAdjust Your Scenario
$42,185
$42,185$68,103
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.7% (VA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,066/moAssumable @ 5.7% + gap loan
$4,683/moAssumed loan: $4,502/mo
Gap financing: $181/mo
$383less per month with the assumable
Your Savings on This Property
735 Woodmoor Acres Drive, Monument · 5.7% VA vs 6.5% conventional
$383
per month
$4,600
per year
$137,999
over 30 years
$137,999
interest saved
How gap financing works: The equity gap ($68,103) 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 ($25,918 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 735 Woodmoor Acres Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.