Loan Comparison: 5.23% vs 6.5%
9342 Pony Gulch Way, Colorado Springs, CO 80925 · 4bd/4ba · $373,000
List Price
$373,000
Assumable Rate
5.23%
Remaining Balance
$342,655
Equity Gap
$30,345
Loan Type
VAAdjust Your Scenario
$18,650
$18,650$30,345
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,240/moAssumable @ 5.23% + gap loan
$1,970/moAssumed loan: $1,888/mo
Gap financing: $82/mo
$270less per month with the assumable
Your Savings on This Property
9342 Pony Gulch Way, Colorado Springs · 5.23% VA vs 6.5% conventional
$270
per month
$3,241
per year
$97,218
over 30 years
$97,218
interest saved
How gap financing works: The equity gap ($30,345) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,650, 5% of purchase price) and a second mortgage for the rest ($11,695 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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