Loan Comparison: 4.99% vs 6.5%
13896 Windy Oaks Road, Colorado Springs, CO 80921 · 3bd/3ba · $915,000
List Price
$915,000
Assumable Rate
4.99%
Remaining Balance
$701,741
Equity Gap
$213,259
Loan Type
VAAdjust Your Scenario
$45,750
$45,750$213,259
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,494/moAssumable @ 4.99% + gap loan
$4,934/moAssumed loan: $3,763/mo
Gap financing: $1,171/mo
$560less per month with the assumable
Your Savings on This Property
13896 Windy Oaks Road, Colorado Springs · 4.99% VA vs 6.5% conventional
$560
per month
$6,722
per year
$201,670
over 30 years
$201,670
interest saved
How gap financing works: The equity gap ($213,259) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($45,750, 5% of purchase price) and a second mortgage for the rest ($167,509 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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