Loan Comparison: 6.34% vs 6.5%
4790 Wells Branch Heights, Colorado Springs, CO 80923 · 3bd/3ba · $335,000
List Price
$335,000
Assumable Rate
6.34%
Remaining Balance
$307,577
Equity Gap
$27,423
Loan Type
VAAdjust Your Scenario
$16,750
$16,750$27,423
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.34% (VA)
Blended Rate: 6.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 6.34% + gap loan
$1,986/moAssumed loan: $1,912/mo
Gap financing: $75/mo
$25less per month with the assumable
Your Savings on This Property
4790 Wells Branch Heights, Colorado Springs · 6.34% VA vs 6.5% conventional
$25
per month
$301
per year
$9,030
over 30 years
$9,030
interest saved
How gap financing works: The equity gap ($27,423) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($10,673 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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