Loan Comparison: 6.73% vs 6.5%
1449 Yellow Tail Drive, Colorado Springs, CO 80921 · 5bd/5ba · $999,000
List Price
$999,000
Assumable Rate
6.73%
Remaining Balance
$946,365
Equity Gap
$52,635
Loan Type
VAAdjust Your Scenario
$49,950
$49,950$52,635
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.73% (VA)
Blended Rate: 6.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,999/moAssumable @ 6.73% + gap loan
$6,144/moAssumed loan: $6,126/mo
Gap financing: $19/mo
Your Savings on This Property
1449 Yellow Tail Drive, Colorado Springs · 6.73% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($52,635) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,950, 5% of purchase price) and a second mortgage for the rest ($2,685 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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