Loan Comparison: 3.49% vs 6.5%
1876 Silver Meadow Circle, Colorado Springs, CO 80951 · 6bd/3ba · $400,000
List Price
$400,000
Assumable Rate
3.49%
Remaining Balance
$140,040
Equity Gap
$259,959
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$259,959
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.49% (VA)
Blended Rate: 6.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.49% + gap loan
$2,306/moAssumed loan: $628/mo
Gap financing: $1,678/mo
$96less per month with the assumable
Your Savings on This Property
1876 Silver Meadow Circle, Colorado Springs · 3.49% VA vs 6.5% conventional
$96
per month
$1,152
per year
$34,549
over 30 years
$34,548
interest saved
How gap financing works: The equity gap ($259,959) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($239,959 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 1876 Silver Meadow Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.