Loan Comparison: 5.41% vs 6.5%
1031 Parkline, Monument, CO 80132 · 5bd/3ba · $675,000
List Price
$675,000
Assumable Rate
5.41%
Remaining Balance
$578,925
Equity Gap
$95,248
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$95,248
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 5.41% + gap loan
$3,727/moAssumed loan: $3,254/mo
Gap financing: $473/mo
$326less per month with the assumable
Your Savings on This Property
1031 Parkline, Monument · 5.41% VA vs 6.5% conventional
$326
per month
$3,910
per year
$117,293
over 30 years
$116,466
interest saved
How gap financing works: The equity gap ($95,248) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($61,498 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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