Loan Comparison: 2.71% vs 6.5%
12637 Chianti Court, Colorado Springs, CO 80921 · 6bd/4ba · $825,000
List Price
$825,000
Assumable Rate
2.71%
Remaining Balance
$342,702
Equity Gap
$482,298
Loan Type
VAAdjust Your Scenario
$41,250
$41,250$482,298
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.71% (VA)
Blended Rate: 5.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 2.71% + gap loan
$4,476/moAssumed loan: $1,392/mo
Gap financing: $3,084/mo
$478less per month with the assumable
Your Savings on This Property
12637 Chianti Court, Colorado Springs · 2.71% VA vs 6.5% conventional
$478
per month
$5,738
per year
$172,138
over 30 years
$172,138
interest saved
How gap financing works: The equity gap ($482,298) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($441,048 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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