Loan Comparison: 3.69% vs 6.5%
5244 Big Johnson Drive, Colorado Springs, CO 80906 · 5bd/4ba · $400,000
List Price
$400,000
Assumable Rate
3.69%
Remaining Balance
$369,673
Equity Gap
$30,326
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$30,326
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.69% + gap loan
$1,772/moAssumed loan: $1,699/mo
Gap financing: $72/mo
$630less per month with the assumable
Your Savings on This Property
5244 Big Johnson Drive, Colorado Springs · 3.69% VA vs 6.5% conventional
$630
per month
$7,562
per year
$226,874
over 30 years
$226,873
interest saved
How gap financing works: The equity gap ($30,326) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($10,326 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 5244 Big Johnson Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.