Loan Comparison: 2.98% vs 6.5%
1180 Goodview Court, Colorado Springs, CO 80911 · 5bd/4ba · $425,000
List Price
$425,000
Assumable Rate
2.98%
Remaining Balance
$374,275
Equity Gap
$50,724
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$50,724
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 3.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.98% + gap loan
$1,780/moAssumed loan: $1,574/mo
Gap financing: $206/mo
$772less per month with the assumable
Your Savings on This Property
1180 Goodview Court, Colorado Springs · 2.98% VA vs 6.5% conventional
$772
per month
$9,264
per year
$277,907
over 30 years
$277,906
interest saved
How gap financing works: The equity gap ($50,724) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($29,474 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 1180 Goodview Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.