Loan Comparison: 4% vs 6.5%
4068 Ascendant Drive, Colorado Springs, CO 80922 · 4bd/3ba · $575,000
List Price
$575,000
Assumable Rate
4%
Remaining Balance
$400,539
Equity Gap
$174,460
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$174,460
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 4.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 4% + gap loan
$2,931/moAssumed loan: $1,912/mo
Gap financing: $1,019/mo
$522less per month with the assumable
Your Savings on This Property
4068 Ascendant Drive, Colorado Springs · 4% VA vs 6.5% conventional
$522
per month
$6,259
per year
$187,780
over 30 years
$187,779
interest saved
How gap financing works: The equity gap ($174,460) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($145,710 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 4068 Ascendant Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.