Loan Comparison: 3.08% vs 6.5%
6068 Napa Drive, Colorado Springs, CO 80925 · 4bd/3ba · $419,900
List Price
$419,900
Assumable Rate
3.08%
Remaining Balance
$373,330
Equity Gap
$46,569
Loan Type
VAAdjust Your Scenario
$20,995
$20,995$46,569
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,521/moAssumable @ 3.08% + gap loan
$1,769/moAssumed loan: $1,590/mo
Gap financing: $179/mo
$752less per month with the assumable
Your Savings on This Property
6068 Napa Drive, Colorado Springs · 3.08% VA vs 6.5% conventional
$752
per month
$9,029
per year
$270,866
over 30 years
$270,865
interest saved
How gap financing works: The equity gap ($46,569) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,995, 5% of purchase price) and a second mortgage for the rest ($25,574 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 6068 Napa Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.