Loan Comparison: 4.99% vs 6.5%
4840 Limestone, Monument, CO 80132 · 5bd/4ba · $1,215,500
List Price
$1,215,500
Assumable Rate
4.99%
Remaining Balance
$1,107,046
Equity Gap
$110,162
Loan Type
VAAdjust Your Scenario
$60,775
$60,775$110,162
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,299/moAssumable @ 4.99% + gap loan
$6,316/moAssumed loan: $5,936/mo
Gap financing: $380/mo
$983less per month with the assumable
Your Savings on This Property
4840 Limestone, Monument · 4.99% VA vs 6.5% conventional
$983
per month
$11,794
per year
$353,810
over 30 years
$355,518
interest saved
How gap financing works: The equity gap ($110,162) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($60,775, 5% of purchase price) and a second mortgage for the rest ($49,387 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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