Loan Comparison: 3.85% vs 6.5%
19032 Harrogate, Monument, CO 80132 · 5bd/4ba · $1,399,000
List Price
$1,399,000
Assumable Rate
3.85%
Remaining Balance
$490,519
Equity Gap
$910,507
Loan Type
VAAdjust Your Scenario
$69,950
$69,950$910,507
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.85% (VA)
Blended Rate: 6.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,401/moAssumable @ 3.85% + gap loan
$8,763/moAssumed loan: $2,300/mo
Gap financing: $6,463/mo
Your Savings on This Property
19032 Harrogate, Monument · 3.85% 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 ($910,507) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($69,950, 5% of purchase price) and a second mortgage for the rest ($840,557 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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