Loan Comparison: 3.81% vs 6.5%
4530 Sierra Rica Road, Colorado Springs, CO 80911 · 4bd/3ba · $484,999
List Price
$484,999
Assumable Rate
3.81%
Remaining Balance
$168,204
Equity Gap
$316,795
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$316,795
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.81% (VA)
Blended Rate: 6.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 3.81% + gap loan
$2,830/moAssumed loan: $785/mo
Gap financing: $2,046/mo
$82less per month with the assumable
Your Savings on This Property
4530 Sierra Rica Road, Colorado Springs · 3.81% VA vs 6.5% conventional
$82
per month
$984
per year
$29,525
over 30 years
$29,525
interest saved
How gap financing works: The equity gap ($316,795) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($292,545 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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