Loan Comparison: 3.67% vs 6.5%
10138 Silver Stirrup Drive, Colorado Springs, CO 80925 · 6bd/4ba · $437,000
List Price
$437,000
Assumable Rate
3.67%
Remaining Balance
$176,481
Equity Gap
$260,518
Loan Type
VAAdjust Your Scenario
$21,850
$21,850$260,518
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (VA)
Blended Rate: 5.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,624/moAssumable @ 3.67% + gap loan
$2,478/moAssumed loan: $809/mo
Gap financing: $1,669/mo
$146less per month with the assumable
Your Savings on This Property
10138 Silver Stirrup Drive, Colorado Springs · 3.67% VA vs 6.5% conventional
$146
per month
$1,751
per year
$52,527
over 30 years
$52,526
interest saved
How gap financing works: The equity gap ($260,518) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,850, 5% of purchase price) and a second mortgage for the rest ($238,668 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 10138 Silver Stirrup Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.