Loan Comparison: 3.72% vs 6.5%
18572 Wetherill, Monument, CO 80132 · 5bd/6ba · $1,999,900
List Price
$1,999,900
Assumable Rate
3.72%
Remaining Balance
$864,244
Equity Gap
$1,133,799
Loan Type
VAAdjust Your Scenario
$99,995
$99,995$1,133,799
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 6.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$12,009/moAssumable @ 3.72% + gap loan
$11,937/moAssumed loan: $3,988/mo
Gap financing: $7,949/mo
$72less per month with the assumable
Your Savings on This Property
18572 Wetherill, Monument · 3.72% VA vs 6.5% conventional
$72
per month
$863
per year
$25,878
over 30 years
$24,021
interest saved
How gap financing works: The equity gap ($1,133,799) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($99,995, 5% of purchase price) and a second mortgage for the rest ($1,033,804 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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