Loan Comparison: 4.03% vs 6.5%
2149 Babbling Stream Heights, Colorado Springs, CO 80910 · 4bd/3ba · $350,000
List Price
$350,000
Assumable Rate
4.03%
Remaining Balance
$163,059
Equity Gap
$186,940
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$186,940
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.03% (VA)
Blended Rate: 5.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 4.03% + gap loan
$1,966/moAssumed loan: $781/mo
Gap financing: $1,185/mo
$136less per month with the assumable
Your Savings on This Property
2149 Babbling Stream Heights, Colorado Springs · 4.03% VA vs 6.5% conventional
$136
per month
$1,627
per year
$48,811
over 30 years
$48,810
interest saved
How gap financing works: The equity gap ($186,940) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($169,440 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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