Loan Comparison: 6.85% vs 6.5%
2030 Avalon Court, Colorado Springs, CO 80919 · 4bd/2ba · $639,900
List Price
$639,900
Assumable Rate
6.85%
Remaining Balance
$433,388
Equity Gap
$206,512
Loan Type
VAAdjust Your Scenario
$31,995
$31,995$206,512
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.85% (VA)
Blended Rate: 7.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,842/moAssumable @ 6.85% + gap loan
$4,060/moAssumed loan: $2,840/mo
Gap financing: $1,220/mo
Your Savings on This Property
2030 Avalon Court, Colorado Springs · 6.85% 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 ($206,512) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,995, 5% of purchase price) and a second mortgage for the rest ($174,517 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 2030 Avalon Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.