Loan Comparison: 6.49% vs 6.5%
4365 Halstead Circle, Colorado Springs, CO 80916 · 3bd/2ba · $379,900
List Price
$379,900
Assumable Rate
6.49%
Remaining Balance
$354,980
Equity Gap
$24,920
Loan Type
VAAdjust Your Scenario
$18,995
$18,995$24,920
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.49% (VA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,281/moAssumable @ 6.49% + gap loan
$2,283/moAssumed loan: $2,241/mo
Gap financing: $41/mo
Your Savings on This Property
4365 Halstead Circle, Colorado Springs · 6.49% 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 ($24,920) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,995, 5% of purchase price) and a second mortgage for the rest ($5,925 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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