Loan Comparison: 3.6% vs 6.5%
3885 Pony Tracks Drive, Colorado Springs, CO 80922 · 4bd/2ba · $459,900
List Price
$459,900
Assumable Rate
3.6%
Remaining Balance
$288,573
Equity Gap
$171,327
Loan Type
VAAdjust Your Scenario
$22,995
$22,995$171,327
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 3.6% + gap loan
$2,349/moAssumed loan: $1,312/mo
Gap financing: $1,037/mo
$412less per month with the assumable
Your Savings on This Property
3885 Pony Tracks Drive, Colorado Springs · 3.6% VA vs 6.5% conventional
$412
per month
$4,949
per year
$148,462
over 30 years
$148,462
interest saved
How gap financing works: The equity gap ($171,327) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,995, 5% of purchase price) and a second mortgage for the rest ($148,332 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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