Loan Comparison: 2.39% vs 6.5%
16125 Gold Creek, Monument, CO 80132 · 4bd/3ba · $839,900
List Price
$839,900
Assumable Rate
2.39%
Remaining Balance
$322,064
Equity Gap
$530,612
Loan Type
VAAdjust Your Scenario
$41,995
$41,995$530,612
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.39% (VA)
Blended Rate: 6.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,043/moAssumable @ 2.39% + gap loan
$5,011/moAssumed loan: $1,254/mo
Gap financing: $3,757/mo
$32less per month with the assumable
Your Savings on This Property
16125 Gold Creek, Monument · 2.39% VA vs 6.5% conventional
$32
per month
$385
per year
$11,542
over 30 years
$24,318
interest saved
How gap financing works: The equity gap ($530,612) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,995, 5% of purchase price) and a second mortgage for the rest ($488,617 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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