Loan Comparison: 2.79% vs 6.5%
450 Stirrup, Monument, CO 80132 · 5bd/5ba · $1,250,000
List Price
$1,250,000
Assumable Rate
2.79%
Remaining Balance
$403,848
Equity Gap
$847,089
Loan Type
VAAdjust Your Scenario
$62,500
$62,500$847,089
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,506/moAssumable @ 2.79% + gap loan
$7,690/moAssumed loan: $1,657/mo
Gap financing: $6,033/mo
Your Savings on This Property
450 Stirrup, Monument · 2.79% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($847,089) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($62,500, 5% of purchase price) and a second mortgage for the rest ($784,589 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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