Loan Comparison: 2.77% vs 6.5%
1375 Blueberry Hills, Monument, CO 80132 · 4bd/4ba · $875,000
List Price
$875,000
Assumable Rate
2.77%
Remaining Balance
$498,555
Equity Gap
$374,144
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$374,144
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 5.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 2.77% + gap loan
$4,581/moAssumed loan: $2,041/mo
Gap financing: $2,540/mo
$673less per month with the assumable
Your Savings on This Property
1375 Blueberry Hills, Monument · 2.77% VA vs 6.5% conventional
$673
per month
$8,076
per year
$242,291
over 30 years
$239,990
interest saved
How gap financing works: The equity gap ($374,144) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($330,394 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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