Loan Comparison: 2.9% vs 6.5%
4687 Ports Down Lane, Colorado Springs, CO 80911 · 4bd/2ba · $297,500
List Price
$297,500
Assumable Rate
2.9%
Remaining Balance
$236,317
Equity Gap
$61,182
Loan Type
VAAdjust Your Scenario
$14,875
$14,875$61,182
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,786/moAssumable @ 2.9% + gap loan
$1,307/moAssumed loan: $984/mo
Gap financing: $324/mo
$479less per month with the assumable
Your Savings on This Property
4687 Ports Down Lane, Colorado Springs · 2.9% VA vs 6.5% conventional
$479
per month
$5,748
per year
$172,431
over 30 years
$172,430
interest saved
How gap financing works: The equity gap ($61,182) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,875, 5% of purchase price) and a second mortgage for the rest ($46,307 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 4687 Ports Down Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.