Loan Comparison: 3.11% vs 6.5%
3246 Breckenridge Drive, Colorado Springs, CO 80906 · 4bd/2ba · $465,000
List Price
$465,000
Assumable Rate
3.11%
Remaining Balance
$391,774
Equity Gap
$73,225
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$73,225
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.11% (VA)
Blended Rate: 3.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 3.11% + gap loan
$2,025/moAssumed loan: $1,675/mo
Gap financing: $349/mo
$768less per month with the assumable
Your Savings on This Property
3246 Breckenridge Drive, Colorado Springs · 3.11% VA vs 6.5% conventional
$768
per month
$9,212
per year
$276,358
over 30 years
$276,357
interest saved
How gap financing works: The equity gap ($73,225) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($49,975 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 3246 Breckenridge Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.