Loan Comparison: 5.41% vs 6.5%
15945 Little Bluestem, Monument, CO 80132 · 6bd/4ba · $725,000
List Price
$725,000
Assumable Rate
5.41%
Remaining Balance
$595,931
Equity Gap
$129,069
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$129,069
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 5.41% + gap loan
$4,064/moAssumed loan: $3,350/mo
Gap financing: $714/mo
$290less per month with the assumable
Your Savings on This Property
15945 Little Bluestem, Monument · 5.41% VA vs 6.5% conventional
$290
per month
$3,475
per year
$104,261
over 30 years
$104,261
interest saved
How gap financing works: The equity gap ($129,069) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($92,819 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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