Loan Comparison: 3.69% vs 6.5%
972 Burning Bush, Monument, CO 80132 · 4bd/4ba · $369,900
List Price
$369,900
Assumable Rate
3.69%
Remaining Balance
$250,088
Equity Gap
$119,812
Loan Type
VAAdjust Your Scenario
$18,495
$18,495$119,812
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,221/moAssumable @ 3.69% + gap loan
$1,929/moAssumed loan: $1,150/mo
Gap financing: $779/mo
$292less per month with the assumable
Your Savings on This Property
972 Burning Bush, Monument · 3.69% VA vs 6.5% conventional
$292
per month
$3,509
per year
$105,257
over 30 years
$105,257
interest saved
How gap financing works: The equity gap ($119,812) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,495, 5% of purchase price) and a second mortgage for the rest ($101,317 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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