Loan Comparison: 6.81% vs 6.5%
17557 Cerberus Court, Monument, CO 80132 · 4bd/3ba · $789,900
List Price
$789,900
Assumable Rate
6.81%
Remaining Balance
$599,885
Equity Gap
$190,015
Loan Type
VAAdjust Your Scenario
$39,495
$39,495$190,015
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.81% (VA)
Blended Rate: 6.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,743/moAssumable @ 6.81% + gap loan
$4,967/moAssumed loan: $3,915/mo
Gap financing: $1,052/mo
Your Savings on This Property
17557 Cerberus Court, Monument · 6.81% 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 ($190,015) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,495, 5% of purchase price) and a second mortgage for the rest ($150,520 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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