Loan Comparison: 3.86% vs 6.5%
17007 Blue Mist, Monument, CO 80132 · 3bd/3ba · $350,000
List Price
$350,000
Assumable Rate
3.86%
Remaining Balance
$173,484
Equity Gap
$217,795
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$217,795
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.86% (VA)
Blended Rate: 6.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 3.86% + gap loan
$2,354/moAssumed loan: $814/mo
Gap financing: $1,540/mo
Your Savings on This Property
17007 Blue Mist, Monument · 3.86% 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 ($217,795) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($200,295 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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