Loan Comparison: 2.96% vs 6.5%
797 Century Lane, Monument, CO 80132 · 4bd/3ba · $419,000
List Price
$419,000
Assumable Rate
2.96%
Remaining Balance
$277,810
Equity Gap
$141,189
Loan Type
VAAdjust Your Scenario
$20,950
$20,950$141,189
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,516/moAssumable @ 2.96% + gap loan
$2,006/moAssumed loan: $1,165/mo
Gap financing: $841/mo
$510less per month with the assumable
Your Savings on This Property
797 Century Lane, Monument · 2.96% VA vs 6.5% conventional
$510
per month
$6,119
per year
$183,580
over 30 years
$183,579
interest saved
How gap financing works: The equity gap ($141,189) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,950, 5% of purchase price) and a second mortgage for the rest ($120,239 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 797 Century Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.