Loan Comparison: 4.98% vs 6.5%
8252 Brigantine Drive, Colorado Springs, CO 80920 · 4bd/2ba · $479,900
List Price
$479,900
Assumable Rate
4.98%
Remaining Balance
$358,258
Equity Gap
$121,642
Loan Type
VAAdjust Your Scenario
$23,995
$23,995$121,642
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 4.98% + gap loan
$2,602/moAssumed loan: $1,919/mo
Gap financing: $683/mo
$280less per month with the assumable
Your Savings on This Property
8252 Brigantine Drive, Colorado Springs · 4.98% VA vs 6.5% conventional
$280
per month
$3,360
per year
$100,814
over 30 years
$100,814
interest saved
How gap financing works: The equity gap ($121,642) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,995, 5% of purchase price) and a second mortgage for the rest ($97,647 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 8252 Brigantine Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.