Loan Comparison: 3.53% vs 6.5%
835 Woodmoor, Monument, CO 80132 · 4bd/3ba · $629,900
List Price
$629,900
Assumable Rate
3.53%
Remaining Balance
$316,665
Equity Gap
$408,857
Loan Type
VAAdjust Your Scenario
$31,495
$31,495$408,857
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.53% (VA)
Blended Rate: 6.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,782/moAssumable @ 3.53% + gap loan
$4,329/moAssumed loan: $1,427/mo
Gap financing: $2,902/mo
Your Savings on This Property
835 Woodmoor, Monument · 3.53% 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 ($408,857) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,495, 5% of purchase price) and a second mortgage for the rest ($377,362 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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