Loan Comparison: 3.27% vs 6.5%
8415 Lauralwood Lane, Colorado Springs, CO 80919 · 3bd/1ba · $899,900
List Price
$899,900
Assumable Rate
3.27%
Remaining Balance
$523,002
Equity Gap
$376,898
Loan Type
VAAdjust Your Scenario
$44,995
$44,995$376,898
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (VA)
Blended Rate: 4.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 3.27% + gap loan
$4,603/moAssumed loan: $2,282/mo
Gap financing: $2,321/mo
$801less per month with the assumable
Your Savings on This Property
8415 Lauralwood Lane, Colorado Springs · 3.27% VA vs 6.5% conventional
$801
per month
$9,612
per year
$288,354
over 30 years
$288,354
interest saved
How gap financing works: The equity gap ($376,898) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,995, 5% of purchase price) and a second mortgage for the rest ($331,903 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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