Loan Comparison: 2.8% vs 6.5%
4145 Sudbury Road, Colorado Springs, CO 80908 · 4bd/3ba · $742,000
List Price
$742,000
Assumable Rate
2.8%
Remaining Balance
$579,075
Equity Gap
$162,925
Loan Type
VAAdjust Your Scenario
$37,100
$37,100$162,925
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (VA)
Blended Rate: 3.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,455/moAssumable @ 2.8% + gap loan
$3,259/moAssumed loan: $2,379/mo
Gap financing: $880/mo
$1,196less per month with the assumable
Your Savings on This Property
4145 Sudbury Road, Colorado Springs · 2.8% VA vs 6.5% conventional
$1,196
per month
$14,355
per year
$430,659
over 30 years
$430,659
interest saved
How gap financing works: The equity gap ($162,925) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,100, 5% of purchase price) and a second mortgage for the rest ($125,825 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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