Loan Comparison: 3.45% vs 6.5%
18320 Sloan, Monument, CO 80132 · 4bd/3ba · $689,900
List Price
$689,900
Assumable Rate
3.45%
Remaining Balance
$409,386
Equity Gap
$280,514
Loan Type
VAAdjust Your Scenario
$34,495
$34,495$280,514
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 3.45% + gap loan
$3,719/moAssumed loan: $1,827/mo
Gap financing: $1,892/mo
$424less per month with the assumable
Your Savings on This Property
18320 Sloan, Monument · 3.45% VA vs 6.5% conventional
$424
per month
$5,088
per year
$152,645
over 30 years
$152,645
interest saved
How gap financing works: The equity gap ($280,514) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,495, 5% of purchase price) and a second mortgage for the rest ($246,019 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.
🏠
Back to This Listing
View photos, details, and request a showing for 18320 Sloan.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.