Loan Comparison: 3.55% vs 6.5%
4268 Marlow Circle, Colorado Springs, CO 80916 · 3bd/3ba · $450,000
List Price
$450,000
Assumable Rate
3.55%
Remaining Balance
$387,788
Equity Gap
$62,211
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$62,211
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (VA)
Blended Rate: 3.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.55% + gap loan
$2,030/moAssumed loan: $1,752/mo
Gap financing: $278/mo
$672less per month with the assumable
Your Savings on This Property
4268 Marlow Circle, Colorado Springs · 3.55% VA vs 6.5% conventional
$672
per month
$8,067
per year
$242,007
over 30 years
$242,006
interest saved
How gap financing works: The equity gap ($62,211) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($39,711 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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