Loan Comparison: 2.52% vs 6.5%
16297 Hobson, Monument, CO 80132 · 5bd/4ba · $725,000
List Price
$725,000
Assumable Rate
2.52%
Remaining Balance
$265,136
Equity Gap
$489,560
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$489,560
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.52% (VA)
Blended Rate: 6.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 2.52% + gap loan
$4,536/moAssumed loan: $1,050/mo
Gap financing: $3,486/mo
Your Savings on This Property
16297 Hobson, Monument · 2.52% 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 ($489,560) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($453,310 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.
🏠
Back to This Listing
View photos, details, and request a showing for 16297 Hobson.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.