Loan Comparison: 2.77% vs 6.5%
555 Hidden Marsh, Monument, CO 80132 · 6bd/4ba · $879,000
List Price
$879,000
Assumable Rate
2.77%
Remaining Balance
$287,720
Equity Gap
$591,280
Loan Type
VAAdjust Your Scenario
$43,950
$43,950$591,280
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,278/moAssumable @ 2.77% + gap loan
$5,386/moAssumed loan: $1,178/mo
Gap financing: $4,208/mo
Your Savings on This Property
555 Hidden Marsh, Monument · 2.77% 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 ($591,280) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,950, 5% of purchase price) and a second mortgage for the rest ($547,330 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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