Loan Comparison: 2.77% vs 6.5%
16433 Rustlers Range, Monument, CO 80132 · 3bd/3ba · $410,000
List Price
$410,000
Assumable Rate
2.77%
Remaining Balance
$310,135
Equity Gap
$123,667
Loan Type
VAAdjust Your Scenario
$20,500
$20,500$123,667
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 2.77% + gap loan
$2,063/moAssumed loan: $1,269/mo
Gap financing: $793/mo
$399less per month with the assumable
Your Savings on This Property
16433 Rustlers Range, Monument · 2.77% VA vs 6.5% conventional
$399
per month
$4,791
per year
$143,731
over 30 years
$167,533
interest saved
How gap financing works: The equity gap ($123,667) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($103,167 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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