Loan Comparison: 2.79% vs 6.5%
3930 Regency Drive, Colorado Springs, CO 80906 · 4bd/4ba · $885,000
List Price
$885,000
Assumable Rate
2.79%
Remaining Balance
$449,339
Equity Gap
$435,660
Loan Type
VAAdjust Your Scenario
$44,250
$44,250$435,660
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 4.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,314/moAssumable @ 2.79% + gap loan
$4,581/moAssumed loan: $1,844/mo
Gap financing: $2,737/mo
$733less per month with the assumable
Your Savings on This Property
3930 Regency Drive, Colorado Springs · 2.79% VA vs 6.5% conventional
$733
per month
$8,801
per year
$264,022
over 30 years
$264,021
interest saved
How gap financing works: The equity gap ($435,660) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,250, 5% of purchase price) and a second mortgage for the rest ($391,410 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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