Loan Comparison: 2.89% vs 6.5%
16335 Treetop, Monument, CO 80132 · 4bd/3ba · $1,050,000
List Price
$1,050,000
Assumable Rate
2.89%
Remaining Balance
$777,065
Equity Gap
$421,477
Loan Type
VAAdjust Your Scenario
$52,500
$52,500$421,477
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 4.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,305/moAssumable @ 2.89% + gap loan
$6,067/moAssumed loan: $3,230/mo
Gap financing: $2,837/mo
$238less per month with the assumable
Your Savings on This Property
16335 Treetop, Monument · 2.89% VA vs 6.5% conventional
$238
per month
$2,851
per year
$85,517
over 30 years
$234,059
interest saved
How gap financing works: The equity gap ($421,477) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($52,500, 5% of purchase price) and a second mortgage for the rest ($368,977 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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