Loan Comparison: 6.61% vs 6.5%
4318 Pope Place, Colorado Springs, CO 80916 · 2bd/3ba · $357,500
List Price
$357,500
Assumable Rate
6.61%
Remaining Balance
$303,556
Equity Gap
$53,943
Loan Type
VAAdjust Your Scenario
$17,875
$17,875$53,943
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.61% (VA)
Blended Rate: 6.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,147/moAssumable @ 6.61% + gap loan
$2,193/moAssumed loan: $1,941/mo
Gap financing: $252/mo
Your Savings on This Property
4318 Pope Place, Colorado Springs · 6.61% 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 ($53,943) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,875, 5% of purchase price) and a second mortgage for the rest ($36,068 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 4318 Pope Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.