Loan Comparison: 6.32% vs 6.5%
2235 Rockhurst Boulevard, Colorado Springs, CO 80918 · 4bd/2ba · $799,900
List Price
$799,900
Assumable Rate
6.32%
Remaining Balance
$576,439
Equity Gap
$223,460
Loan Type
VAAdjust Your Scenario
$39,995
$39,995$223,460
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.32% (VA)
Blended Rate: 6.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 6.32% + gap loan
$4,858/moAssumed loan: $3,576/mo
Gap financing: $1,283/mo
Your Savings on This Property
2235 Rockhurst Boulevard, Colorado Springs · 6.32% 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 ($223,460) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($183,465 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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