Loan Comparison: 2.76% vs 6.5%
4206 Mesa Top, Monument, CO 80132 · 6bd/7ba · $1,199,900
List Price
$1,199,900
Assumable Rate
2.76%
Remaining Balance
$559,165
Equity Gap
$640,735
Loan Type
VAAdjust Your Scenario
$59,995
$59,995$640,735
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 5.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,205/moAssumable @ 2.76% + gap loan
$6,751/moAssumed loan: $2,286/mo
Gap financing: $4,465/mo
$454less per month with the assumable
Your Savings on This Property
4206 Mesa Top, Monument · 2.76% VA vs 6.5% conventional
$454
per month
$5,447
per year
$163,398
over 30 years
$163,398
interest saved
How gap financing works: The equity gap ($640,735) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($59,995, 5% of purchase price) and a second mortgage for the rest ($580,740 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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