Loan Comparison: 2.52% vs 6.5%
16297 Hobson Place, Monument, CO 80132 · 4bd/3ba · $675,000
List Price
$675,000
Assumable Rate
2.52%
Remaining Balance
$232,089
Equity Gap
$442,911
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$442,911
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.52% (VA)
Blended Rate: 5.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 2.52% + gap loan
$3,780/moAssumed loan: $919/mo
Gap financing: $2,861/mo
$273less per month with the assumable
Your Savings on This Property
16297 Hobson Place, Monument · 2.52% VA vs 6.5% conventional
$273
per month
$3,273
per year
$98,199
over 30 years
$98,199
interest saved
How gap financing works: The equity gap ($442,911) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($409,161 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 16297 Hobson Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.