Loan Comparison: 2.84% vs 6.5%
19534 Lindenmere, Monument, CO 80132 · 5bd/4ba · $699,900
List Price
$699,900
Assumable Rate
2.84%
Remaining Balance
$490,425
Equity Gap
$209,474
Loan Type
VAAdjust Your Scenario
$34,995
$34,995$209,474
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 4.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 2.84% + gap loan
$3,367/moAssumed loan: $2,026/mo
Gap financing: $1,342/mo
$835less per month with the assumable
Your Savings on This Property
19534 Lindenmere, Monument · 2.84% VA vs 6.5% conventional
$835
per month
$10,026
per year
$300,775
over 30 years
$300,774
interest saved
How gap financing works: The equity gap ($209,474) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,995, 5% of purchase price) and a second mortgage for the rest ($174,479 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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