Loan Comparison: 6.78% vs 6.5%
16767 Greyhawk Drive, Monument, CO 80132 · 4bd/4ba · $799,900
List Price
$799,900
Assumable Rate
6.78%
Remaining Balance
$709,072
Equity Gap
$90,828
Loan Type
VAAdjust Your Scenario
$39,995
$39,995$90,828
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 6.78% + gap loan
$4,969/moAssumed loan: $4,613/mo
Gap financing: $355/mo
Your Savings on This Property
16767 Greyhawk Drive, Monument · 6.78% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($90,828) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($50,833 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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