Loan Comparison: 3.85% vs 6.5%
19032 Harrogate, Monument, CO 80132 · 5bd/4ba · $1,299,000
List Price
$1,299,000
Assumable Rate
3.85%
Remaining Balance
$486,454
Equity Gap
$812,546
Loan Type
VAAdjust Your Scenario
$64,950
$64,950$812,546
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.85% (VA)
Blended Rate: 6.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,800/moAssumable @ 3.85% + gap loan
$8,029/moAssumed loan: $2,281/mo
Gap financing: $5,748/mo
Your Savings on This Property
19032 Harrogate, Monument · 3.85% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($812,546) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($64,950, 5% of purchase price) and a second mortgage for the rest ($747,596 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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