Loan Comparison: 3.67% vs 6.5%
19703 Serenity Springs, Monument, CO 80132 · 5bd/4ba · $674,900
List Price
$674,900
Assumable Rate
3.67%
Remaining Balance
$310,990
Equity Gap
$363,910
Loan Type
VAAdjust Your Scenario
$33,745
$33,745$363,910
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (VA)
Blended Rate: 6.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.67% + gap loan
$3,965/moAssumed loan: $1,426/mo
Gap financing: $2,539/mo
$88less per month with the assumable
Your Savings on This Property
19703 Serenity Springs, Monument · 3.67% VA vs 6.5% conventional
$88
per month
$1,052
per year
$31,568
over 30 years
$31,568
interest saved
How gap financing works: The equity gap ($363,910) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,745, 5% of purchase price) and a second mortgage for the rest ($330,165 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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