Loan Comparison: 3.12% vs 6.5%
3003 Bella Cima Drive, Colorado Springs, CO 80918 · 3bd/1ba · $800,000
List Price
$800,000
Assumable Rate
3.12%
Remaining Balance
$722,142
Equity Gap
$77,857
Loan Type
VAAdjust Your Scenario
$40,000
$40,000$77,857
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.12% (VA)
Blended Rate: 3.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 3.12% + gap loan
$3,356/moAssumed loan: $3,092/mo
Gap financing: $265/mo
$1,448less per month with the assumable
Your Savings on This Property
3003 Bella Cima Drive, Colorado Springs · 3.12% VA vs 6.5% conventional
$1,448
per month
$17,370
per year
$521,100
over 30 years
$521,099
interest saved
How gap financing works: The equity gap ($77,857) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($37,857 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 3003 Bella Cima Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.