Loan Comparison: 3.31% vs 6.5%
1530 Gold Hill Mesa Drive, Colorado Springs, CO 80905 · 3bd/1ba · $684,999
List Price
$684,999
Assumable Rate
3.31%
Remaining Balance
$373,692
Equity Gap
$311,306
Loan Type
VAAdjust Your Scenario
$34,250
$34,250$311,306
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 5.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 3.31% + gap loan
$3,576/moAssumed loan: $1,639/mo
Gap financing: $1,937/mo
$537less per month with the assumable
Your Savings on This Property
1530 Gold Hill Mesa Drive, Colorado Springs · 3.31% VA vs 6.5% conventional
$537
per month
$6,448
per year
$193,427
over 30 years
$193,426
interest saved
How gap financing works: The equity gap ($311,306) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,250, 5% of purchase price) and a second mortgage for the rest ($277,056 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 1530 Gold Hill Mesa Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.