Loan Comparison: 4% vs 6.5%
168 Saber Creek Drive, Monument, CO 80132 · 3bd/3ba · $783,000
List Price
$783,000
Assumable Rate
4%
Remaining Balance
$596,309
Equity Gap
$186,691
Loan Type
VAAdjust Your Scenario
$39,150
$39,150$186,691
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 4.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,702/moAssumable @ 4% + gap loan
$3,878/moAssumed loan: $2,847/mo
Gap financing: $1,032/mo
$823less per month with the assumable
Your Savings on This Property
168 Saber Creek Drive, Monument · 4% VA vs 6.5% conventional
$823
per month
$9,878
per year
$296,330
over 30 years
$296,330
interest saved
How gap financing works: The equity gap ($186,691) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,150, 5% of purchase price) and a second mortgage for the rest ($147,541 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 168 Saber Creek Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.