Loan Comparison: 5.54% vs 6.5%
4334 Allesandro Drive, Colorado Springs, CO 80916 · 4bd/3ba · $379,000
List Price
$379,000
Assumable Rate
5.54%
Remaining Balance
$356,489
Equity Gap
$22,510
Loan Type
VAAdjust Your Scenario
$18,950
$18,950$22,510
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.54% (VA)
Blended Rate: 5.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,276/moAssumable @ 5.54% + gap loan
$2,058/moAssumed loan: $2,033/mo
Gap financing: $25/mo
$218less per month with the assumable
Your Savings on This Property
4334 Allesandro Drive, Colorado Springs · 5.54% VA vs 6.5% conventional
$218
per month
$2,614
per year
$78,411
over 30 years
$78,410
interest saved
How gap financing works: The equity gap ($22,510) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,950, 5% of purchase price) and a second mortgage for the rest ($3,560 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 4334 Allesandro Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.