Loan Comparison: 4% vs 6.5%
6065 Pemberton Way, Colorado Springs, CO 80919 · 3bd/1ba · $442,500
List Price
$442,500
Assumable Rate
4%
Remaining Balance
$354,512
Equity Gap
$87,987
Loan Type
VAAdjust Your Scenario
$22,125
$22,125$87,987
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 4.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,657/moAssumable @ 4% + gap loan
$2,153/moAssumed loan: $1,692/mo
Gap financing: $461/mo
$504less per month with the assumable
Your Savings on This Property
6065 Pemberton Way, Colorado Springs · 4% VA vs 6.5% conventional
$504
per month
$6,049
per year
$181,456
over 30 years
$181,455
interest saved
How gap financing works: The equity gap ($87,987) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,125, 5% of purchase price) and a second mortgage for the rest ($65,862 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 6065 Pemberton Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.