Loan Comparison: 3.64% vs 6.5%
629 Arnold Lane, Colorado Springs, CO 80904 · 3bd/2ba · $750,000
List Price
$750,000
Assumable Rate
3.64%
Remaining Balance
$442,958
Equity Gap
$307,042
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$307,042
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.64% (VA)
Blended Rate: 5.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.64% + gap loan
$3,909/moAssumed loan: $2,024/mo
Gap financing: $1,885/mo
$595less per month with the assumable
Your Savings on This Property
629 Arnold Lane, Colorado Springs · 3.64% VA vs 6.5% conventional
$595
per month
$7,139
per year
$214,182
over 30 years
$214,182
interest saved
How gap financing works: The equity gap ($307,042) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($269,542 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 629 Arnold Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.