Loan Comparison: 3.8% vs 6.5%
773 Sally Hill, Monument, CO 80132 · 4bd/3ba · $725,000
List Price
$725,000
Assumable Rate
3.8%
Remaining Balance
$419,000
Equity Gap
$364,464
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$364,464
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (VA)
Blended Rate: 5.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 3.8% + gap loan
$4,476/moAssumed loan: $1,952/mo
Gap financing: $2,524/mo
Your Savings on This Property
773 Sally Hill, Monument · 3.8% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$14,301
interest saved
How gap financing works: The equity gap ($364,464) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($328,214 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.
🏠
Back to This Listing
View photos, details, and request a showing for 773 Sally Hill.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.