Loan Comparison: 5.7% vs 6.5%
16355 Sunset Peak, Monument, CO 80132 · 4bd/3ba · $1,460,000
List Price
$1,460,000
Assumable Rate
5.7%
Remaining Balance
$1,224,917
Equity Gap
$233,474
Loan Type
VAAdjust Your Scenario
$73,000
$73,000$233,474
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.7% (VA)
Blended Rate: 6.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,767/moAssumable @ 5.7% + gap loan
$8,343/moAssumed loan: $7,109/mo
Gap financing: $1,234/mo
$423less per month with the assumable
Your Savings on This Property
16355 Sunset Peak, Monument · 5.7% VA vs 6.5% conventional
$423
per month
$5,081
per year
$152,443
over 30 years
$150,834
interest saved
How gap financing works: The equity gap ($233,474) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($73,000, 5% of purchase price) and a second mortgage for the rest ($160,474 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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