Loan Comparison: 2.76% vs 6.5%
1520 Old Antlers, Monument, CO 80132 · 5bd/4ba · $815,000
List Price
$815,000
Assumable Rate
2.76%
Remaining Balance
$703,675
Equity Gap
$162,786
Loan Type
VAAdjust Your Scenario
$40,750
$40,750$162,786
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 3.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,894/moAssumable @ 2.76% + gap loan
$3,815/moAssumed loan: $2,876/mo
Gap financing: $938/mo
$1,079less per month with the assumable
Your Savings on This Property
1520 Old Antlers, Monument · 2.76% VA vs 6.5% conventional
$1,079
per month
$12,948
per year
$388,446
over 30 years
$439,907
interest saved
How gap financing works: The equity gap ($162,786) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,750, 5% of purchase price) and a second mortgage for the rest ($122,036 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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