Loan Comparison: 5.78% vs 6.5%
9342 Pony Gulch Way, Colorado Springs, CO 80925 · 3bd/3ba · $373,000
List Price
$373,000
Assumable Rate
5.78%
Remaining Balance
$344,630
Equity Gap
$28,370
Loan Type
VAAdjust Your Scenario
$18,650
$18,650$28,370
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.78% (VA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,240/moAssumable @ 5.78% + gap loan
$2,086/moAssumed loan: $2,018/mo
Gap financing: $68/mo
$154less per month with the assumable
Your Savings on This Property
9342 Pony Gulch Way, Colorado Springs · 5.78% VA vs 6.5% conventional
$154
per month
$1,848
per year
$55,451
over 30 years
$55,451
interest saved
How gap financing works: The equity gap ($28,370) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,650, 5% of purchase price) and a second mortgage for the rest ($9,720 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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