Loan Comparison: 2.86% vs 6.5%
744 Endeavor Way, Colorado Springs, CO 80915 · 3bd/3ba · $419,900
List Price
$419,900
Assumable Rate
2.86%
Remaining Balance
$274,042
Equity Gap
$145,858
Loan Type
VAAdjust Your Scenario
$20,995
$20,995$145,858
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.86% (VA)
Blended Rate: 4.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,521/moAssumable @ 2.86% + gap loan
$2,008/moAssumed loan: $1,135/mo
Gap financing: $873/mo
$514less per month with the assumable
Your Savings on This Property
744 Endeavor Way, Colorado Springs · 2.86% VA vs 6.5% conventional
$514
per month
$6,162
per year
$184,863
over 30 years
$184,863
interest saved
How gap financing works: The equity gap ($145,858) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,995, 5% of purchase price) and a second mortgage for the rest ($124,863 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 744 Endeavor Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.