Loan Comparison: 6.39% vs 6.5%
4790 Wells Branch Heights, Colorado Springs, CO 80923 · 3bd/2ba · $334,999
List Price
$334,999
Assumable Rate
6.39%
Remaining Balance
$307,684
Equity Gap
$27,314
Loan Type
VAAdjust Your Scenario
$16,750
$16,750$27,314
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.39% (VA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 6.39% + gap loan
$1,996/moAssumed loan: $1,923/mo
Gap financing: $74/mo
$15less per month with the assumable
Your Savings on This Property
4790 Wells Branch Heights, Colorado Springs · 6.39% VA vs 6.5% conventional
$15
per month
$181
per year
$5,442
over 30 years
$5,441
interest saved
How gap financing works: The equity gap ($27,314) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($10,564 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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