Loan Comparison: 6.63% vs 6.5%
7384 Bonterra Lane, Colorado Springs, CO 80925 · 4bd/3ba · $549,000
List Price
$549,000
Assumable Rate
6.63%
Remaining Balance
$502,147
Equity Gap
$46,852
Loan Type
VAAdjust Your Scenario
$27,450
$27,450$46,852
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.63% (VA)
Blended Rate: 6.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 6.63% + gap loan
$3,353/moAssumed loan: $3,217/mo
Gap financing: $136/mo
Your Savings on This Property
7384 Bonterra Lane, Colorado Springs · 6.63% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($46,852) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($19,402 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 7384 Bonterra Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.