Loan Comparison: 3.69% vs 6.5%
4450 Stonehaven Drive, Colorado Springs, CO 80906 · 3bd/4ba · $625,000
List Price
$625,000
Assumable Rate
3.69%
Remaining Balance
$557,915
Equity Gap
$67,084
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$67,084
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 3.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 3.69% + gap loan
$2,815/moAssumed loan: $2,565/mo
Gap financing: $251/mo
$938less per month with the assumable
Your Savings on This Property
4450 Stonehaven Drive, Colorado Springs · 3.69% VA vs 6.5% conventional
$938
per month
$11,250
per year
$337,505
over 30 years
$337,504
interest saved
How gap financing works: The equity gap ($67,084) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($35,834 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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