Loan Comparison: 4.47% vs 6.5%
336 Robbins Mill Place, Colorado Springs, CO 80910 · 3bd/2ba · $225,000
List Price
$225,000
Assumable Rate
4.47%
Remaining Balance
$114,161
Equity Gap
$110,838
Loan Type
VAAdjust Your Scenario
$11,250
$11,250$110,838
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (VA)
Blended Rate: 5.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,351/moAssumable @ 4.47% + gap loan
$1,273/moAssumed loan: $576/mo
Gap financing: $696/mo
$78less per month with the assumable
Your Savings on This Property
336 Robbins Mill Place, Colorado Springs · 4.47% VA vs 6.5% conventional
$78
per month
$940
per year
$28,191
over 30 years
$28,190
interest saved
How gap financing works: The equity gap ($110,838) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,250, 5% of purchase price) and a second mortgage for the rest ($99,588 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 336 Robbins Mill Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.