Loan Comparison: 4.17% vs 6.5%
1917 Cache La Poudre Street, Colorado Springs, CO 80909 · 2bd/3ba · $365,000
List Price
$365,000
Assumable Rate
4.17%
Remaining Balance
$344,950
Equity Gap
$20,050
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$20,050
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 4.17% + gap loan
$1,693/moAssumed loan: $1,681/mo
Gap financing: $13/mo
$498less per month with the assumable
Your Savings on This Property
1917 Cache La Poudre Street, Colorado Springs · 4.17% VA vs 6.5% conventional
$498
per month
$5,979
per year
$179,381
over 30 years
$179,381
interest saved
How gap financing works: The equity gap ($20,050) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($1,800 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 1917 Cache La Poudre Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.