Loan Comparison: 2.88% vs 6.5%
6395 Pulpit Rock Drive, Colorado Springs, CO 80918 · 2bd/3ba · $540,000
List Price
$540,000
Assumable Rate
2.88%
Remaining Balance
$145,130
Equity Gap
$394,869
Loan Type
VAAdjust Your Scenario
$27,000
$27,000$394,869
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 2.88% + gap loan
$3,175/moAssumed loan: $603/mo
Gap financing: $2,572/mo
$68less per month with the assumable
Your Savings on This Property
6395 Pulpit Rock Drive, Colorado Springs · 2.88% VA vs 6.5% conventional
$68
per month
$814
per year
$24,406
over 30 years
$24,405
interest saved
How gap financing works: The equity gap ($394,869) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($367,869 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 6395 Pulpit Rock Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.