Loan Comparison: 2.84% vs 6.5%
19534 Lindenmere, Monument, CO 80132 · 5bd/4ba · $719,900
List Price
$719,900
Assumable Rate
2.84%
Remaining Balance
$493,721
Equity Gap
$223,994
Loan Type
VAAdjust Your Scenario
$35,995
$35,995$223,994
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 4.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,323/moAssumable @ 2.84% + gap loan
$3,485/moAssumed loan: $2,039/mo
Gap financing: $1,446/mo
$838less per month with the assumable
Your Savings on This Property
19534 Lindenmere, Monument · 2.84% VA vs 6.5% conventional
$838
per month
$10,056
per year
$301,683
over 30 years
$299,498
interest saved
How gap financing works: The equity gap ($223,994) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,995, 5% of purchase price) and a second mortgage for the rest ($187,999 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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