Loan Comparison: 6.06% vs 6.5%
6940 Peachleaf Drive, Colorado Springs, CO 80925 · 6bd/4ba · $573,000
List Price
$573,000
Assumable Rate
6.06%
Remaining Balance
$513,435
Equity Gap
$59,565
Loan Type
VAAdjust Your Scenario
$28,650
$28,650$59,565
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.06% (VA)
Blended Rate: 6.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,441/moAssumable @ 6.06% + gap loan
$3,314/moAssumed loan: $3,098/mo
Gap financing: $216/mo
$126less per month with the assumable
Your Savings on This Property
6940 Peachleaf Drive, Colorado Springs · 6.06% VA vs 6.5% conventional
$126
per month
$1,516
per year
$45,491
over 30 years
$45,491
interest saved
How gap financing works: The equity gap ($59,565) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,650, 5% of purchase price) and a second mortgage for the rest ($30,915 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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