Loan Comparison: 2.88% vs 6.5%
17715 Radbourne, Monument, CO 80132 · 5bd/5ba · $1,450,000
List Price
$1,450,000
Assumable Rate
2.88%
Remaining Balance
$539,483
Equity Gap
$910,516
Loan Type
VAAdjust Your Scenario
$72,500
$72,500$910,516
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 6.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,707/moAssumable @ 2.88% + gap loan
$8,683/moAssumed loan: $2,240/mo
Gap financing: $6,444/mo
$23less per month with the assumable
Your Savings on This Property
17715 Radbourne, Monument · 2.88% VA vs 6.5% conventional
$23
per month
$281
per year
$8,425
over 30 years
$8,424
interest saved
How gap financing works: The equity gap ($910,516) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($72,500, 5% of purchase price) and a second mortgage for the rest ($838,016 at 8.5%). 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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