Loan Comparison: 2.89% vs 6.5%
16335 Treetop, Monument, CO 80132 · 4bd/4ba · $999,999
List Price
$999,999
Assumable Rate
2.89%
Remaining Balance
$625,603
Equity Gap
$374,396
Loan Type
VAAdjust Your Scenario
$50,000
$50,000$374,396
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 4.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,005/moAssumable @ 2.89% + gap loan
$5,095/moAssumed loan: $2,601/mo
Gap financing: $2,494/mo
$910less per month with the assumable
Your Savings on This Property
16335 Treetop, Monument · 2.89% VA vs 6.5% conventional
$910
per month
$10,917
per year
$327,498
over 30 years
$327,498
interest saved
How gap financing works: The equity gap ($374,396) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,000, 5% of purchase price) and a second mortgage for the rest ($324,396 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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