Loan Comparison: 2.77% vs 6.5%
1375 Blueberry Hills, Monument, CO 80132 · 4bd/4ba · $845,000
List Price
$845,000
Assumable Rate
2.77%
Remaining Balance
$497,401
Equity Gap
$344,144
Loan Type
VAAdjust Your Scenario
$42,250
$42,250$344,144
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,074/moAssumable @ 2.77% + gap loan
$4,357/moAssumed loan: $2,036/mo
Gap financing: $2,321/mo
$717less per month with the assumable
Your Savings on This Property
1375 Blueberry Hills, Monument · 2.77% VA vs 6.5% conventional
$717
per month
$8,601
per year
$258,031
over 30 years
$254,576
interest saved
How gap financing works: The equity gap ($344,144) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,250, 5% of purchase price) and a second mortgage for the rest ($301,894 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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