Loan Comparison: 4.99% vs 6.5%
19620 Insborough, Monument, CO 80132 · 5bd/5ba · $1,350,000
List Price
$1,350,000
Assumable Rate
4.99%
Remaining Balance
$1,108,745
Equity Gap
$241,255
Loan Type
VAAdjust Your Scenario
$67,500
$67,500$241,255
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,106/moAssumable @ 4.99% + gap loan
$7,281/moAssumed loan: $5,945/mo
Gap financing: $1,336/mo
$825less per month with the assumable
Your Savings on This Property
19620 Insborough, Monument · 4.99% VA vs 6.5% conventional
$825
per month
$9,900
per year
$297,014
over 30 years
$297,014
interest saved
How gap financing works: The equity gap ($241,255) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($67,500, 5% of purchase price) and a second mortgage for the rest ($173,755 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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