Loan Comparison: 6.33% vs 6.5%
7055 Antonito Court, Colorado Springs, CO 80918 · 4bd/2ba · $699,900
List Price
$699,900
Assumable Rate
6.33%
Remaining Balance
$565,340
Equity Gap
$134,559
Loan Type
VAAdjust Your Scenario
$34,995
$34,995$134,559
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.33% (VA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 6.33% + gap loan
$4,207/moAssumed loan: $3,510/mo
Gap financing: $696/mo
Your Savings on This Property
7055 Antonito Court, Colorado Springs · 6.33% 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 ($134,559) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,995, 5% of purchase price) and a second mortgage for the rest ($99,564 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.
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