Loan Comparison: 2.9% vs 6.5%
7001 Oasis Butte Drive, Colorado Springs, CO 80923 · 4bd/4ba · $699,000
List Price
$699,000
Assumable Rate
2.9%
Remaining Balance
$300,863
Equity Gap
$398,136
Loan Type
VAAdjust Your Scenario
$34,950
$34,950$398,136
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 5.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,197/moAssumable @ 2.9% + gap loan
$3,792/moAssumed loan: $1,252/mo
Gap financing: $2,539/mo
$406less per month with the assumable
Your Savings on This Property
7001 Oasis Butte Drive, Colorado Springs · 2.9% VA vs 6.5% conventional
$406
per month
$4,866
per year
$145,986
over 30 years
$145,985
interest saved
How gap financing works: The equity gap ($398,136) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,950, 5% of purchase price) and a second mortgage for the rest ($363,186 at 7.5%). 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 7001 Oasis Butte Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.