Loan Comparison: 4.75% vs 6.5%
19690 Top O The Moor Drive, Monument, CO 80132 · 4bd/4ba · $899,900
List Price
$899,900
Assumable Rate
4.75%
Remaining Balance
$721,270
Equity Gap
$178,630
Loan Type
VAAdjust Your Scenario
$44,995
$44,995$178,630
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (VA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 4.75% + gap loan
$4,697/moAssumed loan: $3,762/mo
Gap financing: $934/mo
$707less per month with the assumable
Your Savings on This Property
19690 Top O The Moor Drive, Monument · 4.75% VA vs 6.5% conventional
$707
per month
$8,480
per year
$254,412
over 30 years
$254,412
interest saved
How gap financing works: The equity gap ($178,630) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,995, 5% of purchase price) and a second mortgage for the rest ($133,635 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 19690 Top O The Moor Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.