Loan Comparison: 3.04% vs 6.5%
19315 Bardsley Place, Monument, CO 80132 · 5bd/5ba · $1,349,000
List Price
$1,349,000
Assumable Rate
3.04%
Remaining Balance
$584,710
Equity Gap
$764,289
Loan Type
VAAdjust Your Scenario
$67,450
$67,450$764,289
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 5.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,100/moAssumable @ 3.04% + gap loan
$7,350/moAssumed loan: $2,478/mo
Gap financing: $4,872/mo
$750less per month with the assumable
Your Savings on This Property
19315 Bardsley Place, Monument · 3.04% VA vs 6.5% conventional
$750
per month
$9,001
per year
$270,027
over 30 years
$270,026
interest saved
How gap financing works: The equity gap ($764,289) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($67,450, 5% of purchase price) and a second mortgage for the rest ($696,839 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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