Loan Comparison: 6.27% vs 6.5%
970 Royal Crown Lane, Colorado Springs, CO 80906 · 4bd/3ba · $610,000
List Price
$610,000
Assumable Rate
6.27%
Remaining Balance
$552,220
Equity Gap
$57,780
Loan Type
VAAdjust Your Scenario
$30,500
$30,500$57,780
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.27% (VA)
Blended Rate: 6.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,663/moAssumable @ 6.27% + gap loan
$3,598/moAssumed loan: $3,407/mo
Gap financing: $191/mo
$65less per month with the assumable
Your Savings on This Property
970 Royal Crown Lane, Colorado Springs · 6.27% VA vs 6.5% conventional
$65
per month
$777
per year
$23,324
over 30 years
$23,324
interest saved
How gap financing works: The equity gap ($57,780) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,500, 5% of purchase price) and a second mortgage for the rest ($27,280 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 970 Royal Crown Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.