Loan Comparison: 6.5% vs 6.5%
3324 Skywatch Heights, Colorado Springs, CO 80904 · 3bd/2ba · $2,125,000
List Price
$2,125,000
Assumable Rate
6.5%
Remaining Balance
$1,942,969
Equity Gap
$182,030
Loan Type
VAAdjust Your Scenario
$106,250
$106,250$182,030
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$12,760/moAssumable @ 6.5% + gap loan
$12,811/moAssumed loan: $12,281/mo
Gap financing: $530/mo
Your Savings on This Property
3324 Skywatch Heights, Colorado Springs · 6.5% 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 ($182,030) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($106,250, 5% of purchase price) and a second mortgage for the rest ($75,780 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 3324 Skywatch Heights.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.