Loan Comparison: 3.47% vs 6.5%
5578 Stetson Hills Boulevard, Colorado Springs, CO 80917 · 2bd/3ba · $324,999
List Price
$324,999
Assumable Rate
3.47%
Remaining Balance
$241,960
Equity Gap
$83,038
Loan Type
VAAdjust Your Scenario
$16,250
$16,250$83,038
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 3.47% + gap loan
$1,549/moAssumed loan: $1,082/mo
Gap financing: $467/mo
$402less per month with the assumable
Your Savings on This Property
5578 Stetson Hills Boulevard, Colorado Springs · 3.47% VA vs 6.5% conventional
$402
per month
$4,825
per year
$144,739
over 30 years
$144,738
interest saved
How gap financing works: The equity gap ($83,038) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($66,788 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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